Depreciation Account; Use of Revenues

Checkout our iOS App for a better way to browser and research.

Sec. 11. The revenues set aside to the depreciation account shall be expended for:

(1) the repair of the storm water system;

(2) new acquisition, construction, extensions, or additions to the property of the storm water system; or

(3) transfer to the bond and interest redemption account to prevent a default.

As added by P.L.125-1987, SEC.1.


Download our app to see the most-to-date content.