Indiana Code 14-25-2-7. Contracts entered into before July 1, 1991, binding
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Terms Used In Indiana Code 14-25-2-7
- Contract: A legal written agreement that becomes binding when signed.
Sec. 7. Except as provided in section 8 of this chapter, a contract for the sale of water on a unit pricing basis that was entered into under this chapter before July 1, 1991, is binding upon the commission. However, notwithstanding the terms of the contract, the rate of compensation for water sold under the contract on a unit pricing basis is thirty-three dollars ($33) per one million (1,000,000) gallons of water.
[Pre-1995 Recodification Citation: 13-2-1-7(e).]
As added by P.L.1-1995, SEC.18.