Utah Code 17B-1-1106. Board of trustees required to fix rates to cover district expenses and bonds
Current as of: 2024 | Check for updates
|
Other versions
The board of trustees shall fix the rate or rates for services or commodities provided by the district that will, in conjunction with the proceeds of any maintenance and operation tax and other district revenues:
(1) pay the district’s operating expenses;
Terms Used In Utah Code 17B-1-1106
- Works: includes a dam, reservoir, well, canal, conduit, pipeline, drain, tunnel, power plant, and any facility, improvement, or property necessary or convenient for supplying or treating water for any beneficial use, and for otherwise accomplishing the purposes of a special district. See Utah Code 17B-1-102
(2) provide for repairs and depreciation of works owned or operated by the district;
(3) pay the interest on any bonds issued by the district; and
(4) provide, as much as practicable, a sinking or other fund to pay the principal of the bonds as they become due.