Indiana Code 8-1.5-5-11. Depreciation account; use of revenues
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Sec. 11. The revenues set aside to the depreciation account shall be expended for:
(2) new acquisition, construction, extensions, or additions to the property of the storm water system; or
(1) the repair of the storm water system;
Terms Used In Indiana Code 8-1.5-5-11
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) transfer to the bond and interest redemption account to prevent a default.
As added by P.L.125-1987, SEC.1.