Title 46, Chapter 3, Section 127
( 46-3-127)
The authority shall not operate or construct any project for profit
except insofar as any such profit will inure to the benefit of the
public. The authority shall fix the rates, fees, and charges
consistent with this declaration of policy such as will produce
revenues only in amounts sufficient, together with all other funds
of the authority, to pay principal and interest on bonds and
obligations of the authority, to provide for maintenance and
operation of the authority and of its projects, and to maintain such
reserves as shall have been created in amounts sufficient in the
judgment of the authority for the security of the bonds and for the
improvement, replacement, or expansion of the facilities or services
of the authority or to provide fuel for its generating projects. |