Okla. Stat. tit. 82, § 82-1324.11
This is the official text of Okla. Stat. tit. 82, § 82-1324.11, part of Oklahoma’s Stat. tit. 82, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 82,." Browse the sections below, each linked to its official government source.
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Official statutory text
A. Rural water, sewer, gas and solid waste management districts
formed pursuant to this act shall be operated without profit, but
the rates, fees, rents or other charges for water, gas and other
facilities, supplies, equipment or services furnished by the
district shall be sufficient at all times:
1. To pay all operating and maintenance expenses necessary or
desirable for the prudent conduct of its affairs and the principal
of and interest on the obligations issued or assumed by the district
in the performance of the purposes for which it was organized; and
2. For the creation of adequate reserves for the retirement of
indebtedness, maintenance and other purposes necessary and expedient
to meeting all obligations of the district.
B. The revenues of the district shall be devoted, first, to the
payment of operating and maintenance expenses and the principal and
interest on outstanding obligations, and, thereafter, to such
reserves for improvements, retirement of indebtedness, new
construction, depreciation and contingencies as the board of
directors may from time to time prescribe.
C. Rates shall be reviewed and adjusted as deemed necessary by
the board of directors to ensure that revenues will be adequate for,
but not exceed, the amounts required for the purposes provided for
in subsection B of this section.
formed pursuant to this act shall be operated without profit, but
the rates, fees, rents or other charges for water, gas and other
facilities, supplies, equipment or services furnished by the
district shall be sufficient at all times:
1. To pay all operating and maintenance expenses necessary or
desirable for the prudent conduct of its affairs and the principal
of and interest on the obligations issued or assumed by the district
in the performance of the purposes for which it was organized; and
2. For the creation of adequate reserves for the retirement of
indebtedness, maintenance and other purposes necessary and expedient
to meeting all obligations of the district.
B. The revenues of the district shall be devoted, first, to the
payment of operating and maintenance expenses and the principal and
interest on outstanding obligations, and, thereafter, to such
reserves for improvements, retirement of indebtedness, new
construction, depreciation and contingencies as the board of
directors may from time to time prescribe.
C. Rates shall be reviewed and adjusted as deemed necessary by
the board of directors to ensure that revenues will be adequate for,
but not exceed, the amounts required for the purposes provided for
in subsection B of this section.
Status: in_force · Read it on the official government site
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