312 Ind. Admin. Code 6.3-4-2

Current through December 4, 2024

Section 312 IAC 6.3-4-2 - Duration of a contract

Authority: IC 14-10-2-4; IC 14-25-2-5

Affected: IC 14-25-2; IC 14-25-7-11

Sec. 2.

(a) The commission shall not approve a contract that covers a period that is longer than authorized by a plan for water resource management approved under IC 14-25-7-11.

(b) In determining the duration of a contract, the commission may consider the water allocation factors in section 1 of this rule.

(c) Notwithstanding subsections (a) and (b), a contract entered under IC 14-25-2 and this article shall not cover a period of more than fifty (50) years.

312 IAC 6.3-4-2

Natural Resources Commission; 312 IAC 6.3-4-2; filed Nov 5, 2008, 2:32 p.m.: 20081203-IR-312080131FRA; Readopted filed 7/17/2014, 3:47 p.m.: 20140813-IR-312140097RFA

Readopted filed 5/20/2020, 9:56 a.m.: 20200617-IR-312200180RFA