For a municipally owned utility, customer lead service line improvement costs include the following:
- (1) Depreciation expenses.
- (2) Extensions and replacements for customer lead service line improvements, to the extent that the extensions and replacements are not provided for through depreciation, in the manner provided for in IC 8-1.5-3-8 .
- (3) Debt service on funds borrowed to pay for customer lead service line improvements.
- (4) As applicable, property taxes to be paid by the utility based upon the first assessment date following the placement in service of the customer lead service line improvements.
As added by P.L.137-2020, SEC.7.