Vermont § 11 - Water rates and revenues

§ 11. Water rates and revenues

• (a) Notwithstanding the provisions of 24 V.S.A. § 3311, the Board of Water Commissioners of the District shall establish rates for the water
  and services by meter service, and all firms and corporations, whether private, public
  or municipal, shall pay to the Treasurer of the District the rates and stand-by charges
  established by the Board of Water Commissioners. An additional charge may be made
  by the District in addition to the uniform base rate where water is supplied to a
  member town through the system of another member town. The determination of any rate
  except as it may be otherwise provided in this chapter shall be in the discretion
  of the commissioners. The Board of Water Commissioners may also enter into a contract
  with member and nonmember municipalities for the supply of water over a period of
  years. All rates shall be so established as to provide revenue for the following
  purposes: (1) to pay current expenses for operating and maintaining the water systems; (2) to provide for the payment of interest and principal on the indebtedness created by
  the District; (3) if any surplus remains at the end of the year, it may be turned into a sinking fund
  or used to pay the cost of improvements to the water system. (b) The money set aside for the sinking fund and any increment thereon shall be devoted
  to the retirement of obligations of the District or invested in such securities as
  savings banks or fiduciaries or trustees are now or hereafter allowed to hold. The
  balance of the revenue, if any, required to meet said expenses shall be apportioned
  among and collected from member towns as herein provided. (Added 1971, No. 135, § 11; amended 1971, No. 266 (Adj. Sess.), § 3.)