The board of commissioners of the district issuing bonds pursuant to Sections 19-5-151 through 19-5-207 shall prescribe and collect reasonable rates, fees, tolls or charges for the services, facilities and commodities of its system or systems; shall prescribe penalties for the nonpayment thereof; and shall revise such rates, fees, tolls or charges from time to time whenever necessary to insure the economic operation of such system or systems. The rates, fees, tolls or charges prescribed shall be, as nearly as possible, such as will always produce revenue at least sufficient to: (a) provide for all expenses of operation and maintenance of the system or systems, including reserves therefor, (b) pay when due all bonds and interest thereon for the payment of which such revenues are or shall have been pledged, charged or otherwise encumbered, including reserves therefor, and (c) provide funds for reasonable expansions, extensions and improvements of service.
Miss. Code Ann. § 19-5-195
Rates, fees, tolls or charges for use of system
Known as the Local Government Solid Waste Collection and Disposal Assistance Act
The act spans §§ 19–19 (138 sections).
Applied in 2 court decisions — leading case 613 So. 2d 864 - Sweet Home Water v. Lexington Estates, Ltd. (1993)
Most recently applied in 932 So. 2d 44 - Mayor of Ocean Springs v. HOMEBLDRS. ASS'N (June 2006)
Codes, 1942, § 2998.7-36; Laws, 1972, ch. 536, § 16, eff from and after passage (approved May 23, 1972
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.