☰ Revisor of Missouri

Title XXV INCORPORATION AND REGULATION OF CERTAIN UTILITIES AND CARRIERS

Chapter 393

Effective - 23 Dec 1997, see footnote bottom

  393.849.  Excess revenues. — Revenues of a nonprofit sewer company for any fiscal year in excess of the amount thereof necessary:

  (1)  To defray expenses of the company and of the operation and maintenance of its facilities during such fiscal year;

  (2)  To pay interest and principal obligations of the company coming due in such fiscal year;

  (3)  To finance, or to provide a reserve for the financing of, the construction or acquisition by the company of additional facilities to the extent determined by the board of directors;

  (4)  To provide a reasonable reserve for working capital;

  (5)  To provide a reserve for the payment of indebtedness of the company maturing more than one year after the date of the incurrence of such indebtedness in an amount not less than the total of the interest and principal payments in respect thereof required to be made during the next following fiscal year; and

  (6)  To provide a fund for education in the effective use of services made available by the company;

­­

­

shall, unless otherwise determined by a vote of the members, be distributed by the company to its members as patronage refunds prorated in accordance with the patronage of the company by the respective members paid for during such fiscal year.

­­--------

(L. 1997 2d Ex. Sess. H.B. 1 merged with S.B. 3)

Effective 12-23-97


---- end of effective   23 Dec 1997 ----

use this link to bookmark section  393.849


In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Pictures Contact

Other Links
Oversight MOLIS Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@04:50:58.7 28 :)