Title 46, Chapter 4, Section 97
( 46-4-97)
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 the principal or purchase price of and
premium, if any, and interest on bonds and all other indebtedness
and contractual obligations of the authority; to provide for
maintenance and operation of the authority and of its projects; to
provide for payment of any judgment against the authority; 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 other obligations; and for the improvement, replacement,
or expansion of the facilities or services of the authority or to
provide fuel for its projects. |