Any district issuing revenue bonds as provided by this Act shall charge rates for all services performed by the waterworks properties of the district, sufficient at all times to pay the cost of operation and maintenance, to provide an adequate depreciation fund, and to pay the principal of and interest upon all revenue bonds issued for such waterworks.
70 ILCS 2405/16.8
Known as the Sanitary District Act
The act spans §§ 70-2205-0-01 to 70-2805-93 (330 sections).
Laws 1967, p. 950.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.