Ind. Code § 8-1-2.2-5
This is the official text of Ind. Code § 8-1-2.2-5, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Sale of capacity or output by a municipality
Official statutory text
Sec. 5. Sale of Capacity or Output by a Municipality. Whenever a municipality has capacity or output derived from its ownership share of a project or otherwise in excess of its current needs or which cannot be economically utilized immediately, it may sell or exchange the excess capacity or output, by agreement, to any municipality owning electric distribution facilities, to any joint agency, or to any public utility. Sales of excess capacity or output of a project to public utilities shall not be made in such amounts, for such periods of time, and under such conditions as will cause the interest on bonds issued to finance the cost of a project to become taxable by the federal government.
As added by Acts 1980, P.L.68, SEC.1. Amended by P.L.36-2017, SEC.2.
As added by Acts 1980, P.L.68, SEC.1. Amended by P.L.36-2017, SEC.2.
Status: in_force · Read it on the official government site
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