Ala. Admin. Code r. 355-2-1-.06

Current through Register Vol. 43, No. 02, November 27, 2024

Section 355-2-1-.06 - Petitions

(1) Filing of Petitions. The hearing procedure is initiated by filing a petition with the Legal Division of the Department.

(2) Contents of Petitions. To the extent applicable to the project, all petitions shall contain or be accompanied by the following information:

(a) A specific reference to the status or law which authorized the proposed project and the sale or issuance of debt.

(b) A copy of the charter provision of the Petitioner, certified by the secretary of the Petitioner, which authorizes the project and the sale or issuance of the debt.

(c) A resolution, duly certified, or the Petitioner's governing body or board of directors, authorizing the project, together with a resolution authorizing the petition to be made to the Department of Finance.

(d) A map or description which clearly shows the extent and location of the project.

(e) A detailed estimate of the cost of the proposed project.

(f) A detailed estimate of annual revenues, expenses and debt services arising out of the proposed project.

(g) A statement of the prospective source of water, gas or power supply.

(h) A statement regarding the engineering feasibility of the project signed by a licensed engineer.

(i) A detailed income and expense statement of the Petitioner for the last two years.

(j) All schedules of rates proposed to be put into effect for services rendered the public by the proposed project, if such rates in the first year after completion of the project are expected to be different from Petitioner's present rates or Petitioner's general rates than expected to be in effect.

Author: Department of Finance

Ala. Admin. Code r. 355-2-1-.06

Filed September 30, 1982. Repealed and New Rule: Filed September 20, 2001; effective October 25, 2001.

Statutory Authority:Code of Ala. 1975, §§ 41-4-16, 41-4-35.