(2) The officer shall thereupon ascertain and prescribe as near as can conveniently be done an electric current rate or rates for the ensuing year which will create a fund sufficient to meet all requirements in subsection (1) of this section.
(3) The officer may also include a further amount sufficient to create such fund, as in the judgment of the officer may be desirable or necessary to meet requirements of future contemplated additions, improvements or extensions to the plant or system.
Structure 2021 Oregon Revised Statutes
Volume : 06 - Local Government, Public Employees, Elections
Chapter 225 - Municipal Utilities
Section 225.020 - Ownership and operation of utilities by city within and without city limits.
Section 225.050 - Joint construction, ownership and operation of waterworks; financing.
Section 225.080 - Financing costs of municipal waterworks or water system; benefit assessments.
Section 225.085 - Klamath Cogeneration Project; service contracts; prohibited transactions.
Section 225.220 - Enforcement of statutory requirements.
Section 225.230 - Rates set in accordance with estimates of annual expenses.
Section 225.280 - Warrants on future income; limitations; retirement.
Section 225.330 - Acquisition of property for facilities.
Section 225.370 - Terms of bonds.
Section 225.450 - Definitions for ORS 225.450 to 225.490.
Section 225.480 - City liability; application of moneys; use of eminent domain prohibited.