Indiana Statutes
§ 8-14.5-2-14 — Weighted average useful life
Indiana § 8-14.5-2-14
This text of Indiana § 8-14.5-2-14 (Weighted average useful life) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 8-14.5-2-14 (2026).
Text
"Weighted average useful life" of a project or projects means:
(1)the sum of the products of the cost of each asset comprising
the project or projects and the useful life of the respective asset;
divided by
(2)the total cost of all the assets comprising the project or
projects.
For purposes of this computation, the useful life of land is fifty (50)
years. The useful life of all other assets comprising the project shall be
conclusively evidenced by a certificate of the department based on its
experience in maintaining transportation systems. The weighted
average useful life of any project shall be determined as of the later of
the date on which the project is expected to be placed in service and the
date on which the bonds or notes are issued.
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Legislative History
As added by P.L.68-1988, SEC.12.
Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-14.5-2-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-14.5-2-14.