§ 162A-49. Rates and charges for services. - North Carolina Statutes

§ 162A‑49.  Ratesand charges for services.

The district board may fix, and may revise from time to time, rents,rates, fees and other charges for the use of land for the services furnished orto be furnished by any water system or sewerage system or both. Such rents,rates, fees and charges shall not be subject to supervision or regulation byany bureau, board, commission, or other agency of the State or of any politicalsubdivision. Any such rents, rates, fees and charges pledged to the payment ofrevenue bonds of the district shall be fixed and revised so that the revenuesof the water system or sewerage system or both, together with any otheravailable funds, shall be sufficient at all times to pay the cost ofmaintaining, repairing and operating the water system or the sewerage system orboth, the revenues of which are pledged to the payment of such revenue bonds,including reserves for such purposes, and to pay the interest on and theprincipal of such revenue bonds as the same shall become due and payable and toprovide reserves therefor. If any such rents, rates, fees and charges arepledged to the payment of any general obligation bonds issued under thisArticle, such rents, rates, fees and charges shall be fixed and revised so asto comply with the requirements of such pledge. The district board may providemethods for collection of such rents, rates, fees and charges and measures forenforcement of collection thereof, including penalties and the denial ordiscontinuance of service. (1971, c. 815, s. 19.)