Sec. 12. A significant water withdrawal facility and a lake owner may enter into an agreement to compensate the lake owner for the diminution in value of the lake owner's property caused by significant lowering of the lake level. If a significant water withdrawal facility and a lake owner enter into an agreement under this section, the owner of the significant water withdrawal facility is not required to file a financial responsibility bond under section 10 of this chapter.
[Pre-1995 Recodification Citation: 13-2-2.6-14.]
As added by P.L.1-1995, SEC.18.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 25. Water Rights and Resources
Chapter 5. Emergency Regulation of Surface Water Rights
14-25-5-1. Applicability of Chapter
14-25-5-2. "Financial Responsibility Bond" Defined
14-25-5-3. "Freshwater Lake" Defined
14-25-5-4. "Lake Owner" Defined
14-25-5-5. "Significant Water Withdrawal Facility" Defined
14-25-5-7. Freshwater Lake Emergency; Based on Investigation
14-25-5-8. Freshwater Lake Emergency; Effectiveness
14-25-5-9. Temporary Orders Upon Finding of Improper Management or Poor Maintenance
14-25-5-10. Financial Responsibility Bonds; Filing
14-25-5-11. Financial Responsibility Bonds; Compensation, Forfeiture
14-25-5-12. Agreements to Compensate Owners for Diminution in Value