Indiana Code 8-1-31.6-9. Customer lead service line improvement costs for municipally owned utilities
Current as of: 2023 | Check for updates
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Sec. 9. For a municipally owned utility, customer lead service line improvement costs include the following:
(2) Extensions and replacements for customer lead service line improvements, to the extent that the extensions and replacements are not provided for through depreciation, in the manner provided for in IC 8-1.5-3-8.
(1) Depreciation expenses.
Terms Used In Indiana Code 8-1-31.6-9
- customer lead service line improvement: means an expenditure that is:
Indiana Code 8-1-31.6-2
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) Debt service on funds borrowed to pay for customer lead service line improvements.
(4) As applicable, property taxes to be paid by the utility based upon the first assessment date following the placement in service of the customer lead service line improvements.
As added by P.L.137-2020, SEC.7.