O.C.G.A. § 46-3-127 (2019)
Policy as to nonprofit operation of projects by authority; fixing of rates, fees, and charges by authority
The authority shall not operate or construct any project for profit except insofar as any such profit will inure to the benefit of the public. The authority shall fix the rates, fees, and charges consistent with this declaration of policy such as will produce revenues only in amounts sufficient, together with all other funds of the authority, to pay principal and interest on bonds and obligations of the authority, to provide for maintenance and operation of the authority and of its projects, and to maintain such reserves as shall have been created in amounts sufficient in the judgment of the authority for the security of the bonds and for the improvement, replacement, or expansion of the facilities or services of the authority or to provide fuel for its generating projects.
History
(Ga. L. 1975, p. 107, § 12.)
Annotations
RESEARCH REFERENCES Am. Jur. 2d. - 64 Am. Jur. 2d, Public Utilities, § 73 et seq. C.J.S. - 29 C.J.S., Electricity, § 34. ALR. - Variations of electric utility rates based on quantity used, 67 ALR 821. Disposition of revenues from operation of revenue-producing enterprise owned by municipal corporation, 103 ALR 579; 165 ALR 854. Right to cut off supply of electricity or gas
because of nonpayment of service bill or charges, 112 ALR 237. Validity of ‘‘fuel adjustment’’ or similar clauses authorizing electric utility to pass on increased cost of fuel to its customers, 83 ALR3d 933. Advertising or promotional expenditures of public utility as part of operating expenses for rate-making purposes, 83 ALR3d 963.