§ 110-263. Purpose.

Latest version.

The purpose of this subdivision is to provide an alternative method of calculation of an acquisition purchase price of an independent public utility that is under a contractual obligation with a developer that establishes the total amount of its actual, legitimate and historical investment cost in the construction or substantial alteration, expansion or improvement of its water and sewerage system or facilities and specifies all contributions from developers or landowners, contributions for treatment capacity from any source, and contributions in aid of construction, irrespective of the source or form of the contributions.

(Code 1979, § 23-101)

                    
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