As Amended
SEC. 49-17-319. Public agency regulation of rates charged by collection or treatment facilities.
Whenever a public agency shall enter into a contract referred to in section 49-17-315, and the payments thereunder are to be made either wholly or partly from the revenues of the public agency's collection facilities or treatment facilities or any combination thereof, the duty is hereby imposed on the public agency to fix, establish and maintain, and from time to time adjust, the rates charged by the public agency for the service of such facilities to the end that the revenues from such facilities, together with any ad valorem taxes levied for such payments, will be sufficient at all times to pay: (a) the expense of operating and maintaining such facilities; (b) all of the public agency's obligations to the authority under such contract; and (c) all of the public agency's obligations under and in connection with any outstanding bonds issued to finance in whole or in part such facilities.
SOURCES: Laws, 1980, ch. 521, Sec. 10, eff from and after passage (approved May 23, 1980).