646 IAC 5-2-8 Calculation and payment of contributions; municipal utilities

Sec. 8. (a) If a city or town had previously been a covered employer to the extent of its municipal utilities, the utilities will pay contributions at their computed rate, but the rate will not exceed the prescribed rate under IC 22-4-11-2(c). (b) If, by statute, a municipal utility is set apart as a separate political subdivision, such utility will retain its experience account and assigned rate, and IC 22-4-11-2(d) will apply to the new account assigned to the city or town for the purpose of reporting nonutility employment.