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Fact of the Day 11/3/2026

November 03, 2026

Senate Bill 2526

 SECTION 3.  (1)  (a)  By December 1, 2027, and every five (5) years thereafter, each provider shall obtain a rate study and capacity study.

          (b)  (i)  Rates shall adequately address costs for:

  1. Operation and maintenance;
  2. Debt service;
  3. Required reserves;
  4. Depreciation;
  5. Future capital expenses;
  6. An annual audit or agreed-upon procedures and compilation report; and
  7. Other expenses as necessary.

              (ii)  1.  The rates recommended in the rate study that is obtained and chosen by the provider shall be implemented by the provider in the manner provided under the applicable law for modifying rates.

  1. Except with regard to required reserves, an increase in rates recommended in the rate study shall be implemented within one (1) year of the receipt of the rate study.

(9)  A provider shall file its most recent rate study annually with the State Auditor's office at the same time the provider files its audit report or agreed-upon procedures and compilation report.

(This is typically filed in March. MUA’s rate study was completed after the filing.)