§ 8-1.5-5-8 — Fixing and setting aside revenues

Indiana § 8-1.5-5-8

• Jurisdiction: Indiana
• Art. 1.5: MUNICIPAL UTILITIES
• Ch. 5: Department of Storm Water Management

Text

The board may fix and set aside:
(1) revenues of the department necessary for reasonable and
proper operation and maintenance;
(2) revenues for a proper and adequate depreciation account; and
(3) revenues to be applied to the payment of the principal and
interest of the authorized bonds.

Legislative History

As added by P.L.125-1987, SEC.1.