312 IAC 6.3-4-2 Duration of a contract

Sec. 2. (a) The commission shall not approve a contract that covers a period that is longer than authorized by a plan for water resource management approved under IC 14-25-7-11. (b) In determining the duration of a contract, the commission may consider the water allocation factors in section 1 of this rule. (c) Notwithstanding subsections (a) and (b), a contract entered under IC 14-25-2 and this article shall not cover a period of more than fifty (50) years.