Section 71616 - Fixing rates to generate revenueA district, so far as practicable, shall fix such rates for water in the district, and in each improvement district therein, as will result in revenues which will:
(a) Pay the operating expenses of the district and the improvement district.(b) Provide for repairs and depreciation of works.(c) Provide a reasonable surplus for improvements, extensions, and enlargements.(d) Pay the interest on any bonded debt.(e) Provide a sinking or other fund for the payment of the principal of such bonded debt as it becomes due.(f) Repay advances, together with interest at a rate not to exceed the interest value of money to the district, made from the district to an improvement district.Amended by Stats. 1969, Ch. 708.