Indiana § 8-1.5-5-9 Maintenance account; surplus

Indiana Statutes

§ 8-1.5-5-9 — Maintenance account; surplus

Indiana § 8-1.5-5-9

Art. 1.5MUNICIPAL UTILITIES

Ch. 5Department of Storm Water Management

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Bluebook

Ind. Code § 8-1.5-5-9 (2026).

Text

(a)In fixing the revenues of the department required for operation and maintenance, the board shall consider the cost of the operation and maintenance of the department.

(b)If a surplus is accumulated in the operating and maintenance account, the board may transfer any excess over that surplus to:

(1)the depreciation account, to be used for any improvements, extensions, or additions to the storm water system; or

(2)the bond and interest redemption account.

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(a) In fixing the revenues of the department
required for operation and maintenance, the board shall consider the
cost of the operation and maintenance of the department.
(b) If a surplus is accumulated in the operating and maintenance
account, the board may transfer any excess over that surplus to:
(1) the depreciation account, to be used for any improvements,
extensions, or additions to the storm water system; or
(2) the bond and interest redemption account.