A contract that:

1. (1) was entered into under IC 13-2-1-7 (before its repeal) before July 1, 1991; and

2. (2) provides for the sale of water on a unit pricing basis in an area described in section 8 of this chapter;

   is binding upon the commission. However, the opposite party to the contract is not required to pay compensation to the state for water provided in the area.

   [Pre-1995 Recodification Citation: 13-2-1-7(g).]

As added by P.L.1-1995, SEC.18.