Section 403 – Water and electricity charges.

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.

Enacted by Chapter 216, 2006 General Session