N.J. Admin. Code § 7:11-4.5
Current through Register Vol. 56, No. 11, June 3, 2024
Section 7:11-4.5 - Capital Fund Component(a) The Capital Fund Component is to provide, for current funding of major refurbishment, replacement, maintenance, and repair of the existing facilities at a total amount of $ 3,000,000 to $ 3,500,000 per year. The total annual amount funded by the Capital Fund Component may be adjusted periodically for inflation; however, all capital projects beyond this amount and any enhancements or additions to the System shall be financed through issuance of long-term debt.(b) The Capital Fund Component Rate per million gallons listed at (c) below based on a sales base of 15.008 million gallons per day applies to initial water purchase contracts and is based on estimated annual capital expenses to properly maintain, rehabilitate, or replace the facilities.(c) Capital Fund Assessment--initial water purchase contract customers: | Period | Rate/Million Gallons |
| 7/1/2023 to 6/30/2024 | $525.00 |
(d) The Capital Fund Component Rate per million gallons listed at (e) below based on a sales base of 4.435 million gallons per day applies to the delayed water purchase contracts commencing July 1, 2001, October 1, 2002, and January 1, 2005, in lieu of the Capital Fund Component rate set forth at (c) above.(e) Capital Fund Assessment--delayed water purchase contract customers: | Period | Rate/Million Gallons |
| 7/1/2023 to 6/30/2024 | $200.00 |
N.J. Admin. Code § 7:11-4.5
Amended by 46 N.J.R. 1745(a), effective 8/4/2014.Amended by47 N.J.R. 1318(a), Effective June 15, 2015, operative July 1, 2015Amended by 48 N.J.R. 1065(a), effective 6/20/2016Amended by 49 N.J.R. 1680(a), effective 6/19/2017Amended by 50 N.J.R. 1487(a), effective 7/2/2018Amended by 51 N.J.R. 991(a), effective 6/17/2019Amended and recodified to 7:11-4.6 by 52 N.J.R. 1266(a), effective 6/15/2020Amended by 53 N.J.R. 1084(a), effective 6/21/2021Amended by 54 N.J.R. 1166(a), effective 6/20/2022Amended by 55 N.J.R. 1290(a), effective 6/19/2023