21-118.5 - Unified water supply and sewerage systems for counties and sanitary districts; power of county governing body to fix rates; application of Public Finance Act.
§ 21-118.5. Unified water supply and sewerage systems for counties andsanitary districts; power of county governing body to fix rates; applicationof Public Finance Act.
Whenever the board of supervisors of any county, as the governing board ofsuch county, shall enter into, or has heretofore entered into, an agreementwith one or more sanitary districts located within such county whereby thecounty has agreed to connect, operate, maintain, alter, improve, add to andextend within and without the territory of such sanitary district ordistricts the water supply or sewerage systems, or the water supply andsewerage systems, of such county and such district or districts, or the watersupply or sewerage systems, or the water supply and sewerage systems, of twoor more such sanitary districts, in the manner of and as a unified singlewater supply or sewerage system, or a unified single water supply andsewerage system, each of which is hereinafter referred to in this chapter asa "unified system," then, notwithstanding the provisions of the firstsentence of § 21-118.4 (e), such board of supervisors is empowered to fix andprescribe the rate of charge for the use of such unified system with a viewto the needs of such unified system as a whole. Such unified system shallconstitute a "project" and a "revenue producing undertaking" for thepurposes of and as defined in the Public Finance Act, Chapter 26 (§ 15.2-2600et seq.) of Title 15.2. Such county in respect of such project and revenueproducing undertaking shall have all the powers granted to counties by thePublic Finance Act. Water and sewer connection fees established by anycounty, city, town or sanitary district shall be fair and reasonable. Suchfees shall be reviewed by the county, city, town or sanitary districtperiodically and shall be adjusted, if necessary, to assure that theycontinue to be fair and reasonable. Nothing herein shall affect existingcontracts with bondholders which are in conflict with any of the foregoingprovisions.
(1972, c. 221; 1997, c. 12.)