K.__Section 6704-A;

L.__Section 6705; and

M.__Section 6706.

The application of these laws is not intended to permit the commission to issue any order or condition regulating locally governed water districts except as specifically permitted under this chapter.

This section may not be interpreted to affect the scope or application of any provision of law outside this Title.__ Although this chapter provides for a reduced level of regulation by the commission of locally governed water districts, the districts remain water utilities for purposes of the applicable provisions of this Title listed in subsection 2 and for all laws outside of this Title.__Any reference outside this Title to entities that include water utilities, including, but not limited to, references to public utilities, water districts and public service corporations, includes locally governed water districts.

§6205.__Establishment of rates

1.__Authority.__The governing body of a locally governed water district shall establish rates, tolls, deposits, customer contributions and charges in accordance with this section.

2.__Provide revenue.__The governing body of a locally governed water district may establish rates or charges to provide revenue to the district in order to carry out any lawful purpose of the locally governed water district, including, but not limited to:

A.__Paying the current expenses for operating and maintaining the water system and to provide for normal renewals and replacements;

B.__Providing for the payment of the interest on the indebtedness created or assumed by the district;

C.__Creating a sinking fund for the extinguishment of term indebtedness;

D.__Providing annual principal payments on serial indebtedness created or assumed by the district;