Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Unilateral Rate Increase Allowed
In 1996, Lafayette, Louisiana, and Waterworks District Number Four entered into a 30‐year agreement whereby the district would build a water system and the city would sell and distribute water to customers in the contract area. The district's creditors were protected by delegating to the city virtually all management of the district's system in the affected area. The agreement also provided that the rates charged by the district and the city would be identical. This suit arose when, in 1981, the city increased water rates without the district's approval. The trial court concluded that the city was justified in raising the rates to continue to service its debt and operate its system in compliance with the bond resolutions.
Unilateral Rate Increase Allowed
In 1996, Lafayette, Louisiana, and Waterworks District Number Four entered into a 30‐year agreement whereby the district would build a water system and the city would sell and distribute water to customers in the contract area. The district's creditors were protected by delegating to the city virtually all management of the district's system in the affected area. The agreement also provided that the rates charged by the district and the city would be identical. This suit arose when, in 1981, the city increased water rates without the district's approval. The trial court concluded that the city was justified in raising the rates to continue to service its debt and operate its system in compliance with the bond resolutions.
Unilateral Rate Increase Allowed
01.11.1996
1 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
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