N.J. Admin. Code § 7:11-4.1

Current through Register Vol. 56, No. 24, December 18, 2024

Section 7:11-4.1 - General provisions

(a) The schedule of rates, charges and debt service assessments for the sale of water from the Manasquan Reservoir System established in this subchapter shall constitute the rate schedule for the Manasquan Reservoir System (rate schedule).

(b) The rates, charges and debt service costs contained in this subchapter shall be paid for raw water, withdrawn or allocated from the Manasquan Reservoir System. The rates, charges and debt service costs set forth herein shall be incorporated in all water purchase contracts.

(c) The rates, charges and debt service costs established in this subchapter provide revenue to cover the annual requirements of the Manasquan Reservoir System. These annual requirements consist of the aggregate amount required during each annual payment period to pay all operation and maintenance expenses, debt service costs and special or reserve fund requirements of the Manasquan Reservoir System.

(d) The total rate charged under this rate schedule shall include the operations and maintenance expense component under N.J.A.C. 7:11-4.3, the debt service costs under N.J.A.C. 7:11-4.4, and the Source Water Protection Fund component under N.J.A.C. 7:11-4.5.

(e) This rate schedule complements N.J.A.C. 7:11-5 which establishes rules for the use of water from the Manasquan Reservoir System.

N.J. Admin. Code § 7:11-4.1

Amended by R.2003 d.246, effective 6/16/2003 (operative July 1, 2003).
See: 35 New Jersey Register 167(a), 35 New Jersey Register 2653(a).
In (d), added N.J.A.C. reference.