1. (a) Notwithstanding IC 8-1-2.7 and any other law under which a water or wastewater utility is exempt from or may withdraw from the jurisdiction of the commission, a water or wastewater utility that is organized after June 30, 2018, is subject to the jurisdiction of the commission with respect to:

   1. (1) rates and charges;
   2. (2) stocks, bonds, notes, or other evidence of indebtedness;
   3. (3) rules; and

   4. (4) the annual report filing requirement;

      for the period of ten (10) years beginning on the day on which the water or wastewater utility is organized.

2. (b) This section does not affect:

   1. (1) any statutes requiring or permitting a water or wastewater utility to petition the commission before providing service to the public; or
   2. (2) the commission's jurisdiction regarding statutes and petitions referred to in subdivision (1).

As added by P.L.126-2018, SEC.1. Amended by P.L.160-2020, SEC.2.