Current through P.L. 171-2024
Section 8-1.5-5-9 - Maintenance account; surplus(a) In fixing the revenues of the department required for operation and maintenance, the board shall consider the cost of the operation and maintenance of the department.(b) If a surplus is accumulated in the operating and maintenance account, the board may transfer any excess over that surplus to:(1) the depreciation account, to be used for any improvements, extensions, or additions to the storm water system; or(2) the bond and interest redemption account.As added by P.L. 125-1987, SEC.1.