Sec. 15. (a) As used in this section, "net revenues" means gross revenues less the reasonable cost of operation and maintenance.
(b) A district coming under this chapter may pay the costs, including incidental expenses, of constructing or otherwise acquiring all the works of improvement necessary to furnish water supply for domestic, industrial, and public use by issuing bonds, notes, or other evidences of indebtedness to be payable from revenues in the manner provided by this article. The bonds, notes, or other evidences of indebtedness of the district for water purposes are payable solely from the net revenues of the water facilities. All bonds, notes, contracts, warrants, debentures, and pledges entered into by a district for the purposes of:
(1) this chapter; or
(2) IC 13-3-4 (before its repeal);
do not constitute an obligation payable from the collection of a special benefits tax.
[Pre-1995 Recodification Citation: 13-3-4-7.]
As added by P.L.1-1995, SEC.26.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 33. Conservancy Districts
Chapter 20. Water Supply Systems
14-33-20-1. Applicability of Chapter
14-33-20-2. "Commission" Defined
14-33-20-3. "Water Facilities" and "Water Supply" Defined
14-33-20-4. District Electing to Furnish Water Supply for Domestic, Industrial, and Public Use
14-33-20-5. District as Legal Entity
14-33-20-6. Territorial Authority
14-33-20-7. Supplying Water Outside Territorial Authority
14-33-20-8. Commission Setting Hearing; Notice
14-33-20-10. Commission's Findings After Hearing
14-33-20-11. Municipality or Public Utility Supplying Water
14-33-20-13. Reasonable and Just Charges for Services; Rates
14-33-20-14. Schedule of Rates and Charges; Regulation
14-33-20-15. "Net Revenues" Defined
14-33-20-16. Resolution Authorizing Bonds, Notes, or Other Evidences of Indebtedness
14-33-20-17. Requirements for Bonds, Notes, or Other Evidences of Indebtedness
14-33-20-20. Recital of Authority of Bond, Note, or Other Evidence of Indebtedness
14-33-20-21. Sale of Bonds, Notes, or Other Evidences of Indebtedness
14-33-20-22. Bonds, Notes, or Other Evidences of Indebtedness Equally and Ratably Secured by Lien
14-33-20-23. Constitutionally Restricted Bonds or Debts Not Authorized
14-33-20-24. Restrictions on Bonds, Notes, or Other Evidences of Indebtedness
14-33-20-26. District Borrowing Money
14-33-20-28. Security of Bonds, Notes, or Other Evidences of Indebtedness
14-33-20-29. Provisions Compromising Parts of Bonds, Notes, or Evidences of Indebtedness
14-33-20-30. Application for Appointment of Receiver of Water Facilities
14-33-20-31. Appointment of Receiver of Water Facilities
14-33-20-32. Receiver Taking Possession of Water Facilities
14-33-20-33. Duties of Receiver
14-33-20-34. Surrender of Possession of Water Facilities by Receiver
14-33-20-35. Court Supervision of Receiver
14-33-20-36. Protection of Holders or Trustees