ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. O-14-1 |
ORDINANCE
AMENDING THE ALBUQUERQUE BERNALILLO COUNTY WATER UTILITY AUTHORITY WATER AND SEWER RATE ORDINANCE TO ADJUST WATER AND SEWER RATES BY A FIVE PERCENT RATE REVENUE ADJUSTMENT FOR FY15, CHANGING DEFINITIONS, UPDATE UTILITY EXPANSION CHARGE AND WATER SUPPLY CHARGE BY THE ENGINEERING NEWS REPORT INDEX, CHANGES TO THE WATER AUTHORITY'S INVESTMENT POLICY APPROVED BY THE INVESTMENT OVERSIGHT COMMITTEE, CLARIFY AND CHANGE POLICY ITEMS AND MAKE CLERICAL CHANGES.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD, THE GOVERNING BODY OF THE WATER AUTHORITY:
Section1. Section 1 is amended as follows:
Section 1 WATER AND SEWER RATES
1-1-1. SHORT TITLE.
This Ordinance will be known and may be cited as the "Albuquerque Bernalillo County Water Utility Authority Water and Sewer Rate Ordinance."
1-1-2. COMPUTATION OF REVENUES, EXPENSES AND DEBT SERVICE; DETERMINATION OF DEBT COVERAGE; REQUIRED MONTHLY FIXED CHARGE.
(A) Definition of Terms.
AWWA. American Water Works Association.
CONSUMERS ASSOCIATION (CMDWWCA). Non-profit organization generally located in the Carnuel land grant established in 2001 under the laws of New Mexico Sanitary Projects Act.
COST OF SERVICE. A rate setting methodology that is legally and fiscally required by bond covenants which sets sewer charges based upon EPA guidelines, uses a standard rate setting approach within the industry, requires users to pay their proportionate cost of the system and creates equity within classes of customers and among classes of customers.
CITY. The City of Albuquerque, New Mexico.
COUNTY. Bernalillo County, New Mexico.
CURRENT DEBT SERVICE REQUIREMENT. Payments into a current debt ordinances authorizing the issuance of bonds to be paid from the net revenues of the systems.
CUSTOMER. Any person, association, corporation, or entity receiving Utility service, related produc...
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