SECTION 1. Purpose

SECTION 2. Short title

SECTION 3. Definitions

SECTION 4. Municipal water and sewer commissions; creation; members

SECTION 5. Executive director; officers

SECTION 6. Water works and sewer works system; transfer of title; debts, liabilities and obligations

SECTION 7. Employees; transfer

SECTION 8. Powers

SECTION 9. Additional powers and limitations

SECTION 10. Issuance of notes; collection and enforcement powers

SECTION 11. Issuance of bonds; temporary notes

SECTION 12. Payment of bonds

SECTION 13. Refunding bonds

SECTION 14. Payment of bonds from bond proceeds; liability

SECTION 15. Moneys received deemed to be trust funds

SECTION 16. Bonds eligible for investment

SECTION 17. Bonds deemed to be investment securities

SECTION 18. Bonds issued without consent of other entities

SECTION 19. Tax exemption

SECTION 20. Records; reports; inspection

SECTION 21. Termination or dissolution of commission

SECTION 22. Inconsistent laws or ordinances inoperative

SECTION 23. Provisions of act controlling

SECTION 24. Construction of act

SECTION 25. Regional water and sewer district commissions; formation

SECTION 26. Construction of act; constitutional requirements

SECTION 27. Acceptance of chapter