Effective: March 18, 1969
Latest Legislation: House Bill 1 - 108th General Assembly
After payment of the expenses of conducting and managing the water works, any surplus of a municipal corporation may be applied to the repairs, enlargement, or extension of the works or of the reservoirs, the payment of the interest of any loan made for their construction, or for the creation of a sinking fund for the liquidation of the debt. In those municipal corporations in which water works and sewerage systems are conducted as a single unit, under one operating management, a sum not to exceed ten per cent of the gross revenue of the water works for the preceding year may be taken from any surplus remaining after all of the preceding purposes have been cared for and may be used for the payment of the cost of maintenance, operation, and repair of the sewerage system and sewage pumping, treatment, and disposal works and for the enlargement or replacement thereof. Each year a sum equal to five per cent of the gross revenue of the preceding year shall be first retained from said surplus as a reserve for water-works purposes.
The amount authorized to be levied and assessed for water-works purposes shall be applied by the legislative authority to the creation of the sinking fund for payment of any indebtedness incurred for the construction and extension of water works and for no other purpose; provided, where such municipal corporation does not operate or maintain a water works or a sewage pumping, treatment, and disposal works, any or all such surplus may be transferred to the general fund of the municipal corporation in the manner provided for in sections 5705.15 and 5705.16 of the Revised Code.
Structure Ohio Revised Code
Title 7 | Municipal Corporations
Chapter 743 | Utilities - Electric; Gas; Water
Section 743.01 | General Powers of Legislative Authority.
Section 743.02 | Bylaws and Regulations.
Section 743.03 | Duties of Director of Public Service.
Section 743.04 | Assessment and Collection of Water Rents.
Section 743.05 | Disposition of Surplus Funds.
Section 743.06 | Proceeds From Water Works to Be a Separate Fund.
Section 743.07 | Director May Make Certain Contracts.
Section 743.08 | Investigation by Legislative Authority.
Section 743.09 | Water Supply Free for Certain Purposes.
Section 743.10 | Protection to Attachments.
Section 743.11 | Bond of Contractor - Emergency.
Section 743.12 | Extension of Public Utility Service Beyond Municipal Corporation Limits.
Section 743.13 | Expense of Service Outside Municipal Corporation.
Section 743.14 | Supervision of Territory Having Water Service Outside Municipal Corporation.
Section 743.15 | Disposition of Aqueducts and Water Pipes in Case of Annexation.
Section 743.16 | Regulation and Protection of Aqueducts and Water Pipes.
Section 743.17 | Water Works in Contiguous Municipal Corporation.
Section 743.18 | Authority to Supply Other Municipal Corporations.
Section 743.19 | Construction of Water Works by Two or More Municipal Corporations.
Section 743.20 | Ownership of Water Works When Municipal Corporations Are Annexed.
Section 743.21 | Termination of Contract Upon Annexation.
Section 743.22 | Tax for Payment of Interest, Lien on Property.
Section 743.23 | Laying Pipes in Highway.
Section 743.25 | Jurisdiction of Municipal Corporations to Prevent Water Pollution.
Section 743.26 | Regulation of Price of Electric Light, Gas, Sewage Disposal, and Water.
Section 743.27 | Free Use of Municipally Owned Public Utilities.
Section 743.28 | Negotiation of One-Price Schedule Contract.
Section 743.29 | Surveys for Construction and Repair of Public Works of Municipal Corporations.
Section 743.30 | Occupation of Streets by Legislative Authority for Gas Purposes.
Section 743.31 | Forfeiture of Charter for Neglect to Furnish Gas - Exception.
Section 743.32 | Provision by Legislative Authority for Electric Current and Gas Inspection.
Section 743.33 | Exclusive Monopoly Shall Not Be Allowed to Gas Companies.
Section 743.34 | Legislative Authority May Erect or Purchase Gas or Electric Works.
Section 743.35 | Sale of Natural Gas to Village.
Section 743.37 | Laying of Gas Pipes - Assessment of Costs.
Section 743.38 | Contracts to Supply Municipal Corporation With Electric Light or Gas.
Section 743.39 | Right of Eminent Domain in Municipal Corporations for Public Service Enterprises.
Section 743.40 | Manner of Appropriation - Restrictions Thereon.
Section 743.41 | Property Not to Be Appropriated Without Consent of Municipal Corporation.
Section 743.42 | Construction Restrictions.
Section 743.43 | Further Powers of Municipal Corporation.
Section 743.44 | Power of Municipal Corporation Outside Corporate Limits to Provide Natural Gas.
Section 743.50 | Maintenance of Buffer Property Near Municipal Water Source.