§ 8D-8. Fees and charges for services, use of facilities.

The Board shall fix and revise from time to time rates, fees, rentals, tolls or other charges for the services and facilities furnished by any project financed under the provisions of this chapter, and shall charge and collect the same. Such rates, fees, rentals, tolls or other charges shall be so fixed and revised as to provide funds, with other funds available for such purposes, sufficient at all times:

(1)

To pay the cost of maintaining, repairing and operating the project or projects, and to provide reserves therefor and for replacements and depreciation and necessary extensions and enlargements;

(2)

To pay the principal of and the interest on all outstanding revenue bonds as the same shall become due and provide reserves therefor; and

(3)

To provide a margin of safety for making such payments and providing such reserves.

Such rates, fees, rentals, tolls or other charges shall not be subject to supervision or regulation by any commission, board, bureau or agency of the State or of any political subdivision of the State.

(Ch. 22960, § 6, Laws 1945; Ord. No. 78-27, § 2, 4-4-78)