Section 8-1.5-2-12 - Sale of heat, light, water, or power to municipality(a) Upon the approval by resolution of the municipal legislative body, a municipally owned utility may sell or furnish heat, light, water, or power to the municipality to be used exclusively for the furnishing of utility service to the municipality for its own municipal purposes.(b) This section is not intended to permit the sale or furnishing of power to the municipality where the sale would affect the obligation of any contract or franchise.As added by Acts1982 , P.L. 74, SEC.1.