73-28-403 — Water and electricity charges.
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73-28-403. Water and electricity charges.
The board, in consultation with the committee, shall establish prices for the developed water sold to the districts and electricity sufficient to:
(1) recover the reimbursable preconstruction costs, construction costs, and interest on those costs within the time period specified in Section 73-28-402;
(2) pay for operation and maintenance costs;
(3) accumulate an adequate reserve for repair and replacement; and
(4) allocate the proportionate cost of the project facilities required to deliver the developed water to each district.
The board, in consultation with the committee, shall establish prices for the developed water sold to the districts and electricity sufficient to:
(1) recover the reimbursable preconstruction costs, construction costs, and interest on those costs within the time period specified in Section 73-28-402;
(2) pay for operation and maintenance costs;
(3) accumulate an adequate reserve for repair and replacement; and
(4) allocate the proportionate cost of the project facilities required to deliver the developed water to each district.
Enacted by Chapter 216, 2006 General Session