Section 312IAC6.3-4-2. Duration of a contract

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   (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. (Natural Resources Commission; 312 IAC 6.3-4-2; filed Nov 5, 2008, 2:32 p.m.: 20081203-IR-312080131FRA; readopted filed Jul 17, 2014, 3:47 p.m.: 20140813-IR-312140097RFA)

                    
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