All customer deposits as required by this subchapter shall be subject to the following:
(A) Upon termination of service with all bills paid, the deposit shall be returned to the customer within 45 days, less than deductions made in accordance with division (C).
(B) Interest shall be paid on deposits in excess of $20 at the rate of 6% per year. The city may, at its option, pay the interest at intervals it chooses but at least annually, by direct payment, or as a credit on bills.
(C) At the time the deposit is made, the city shall furnish the customer with a written receipt specifying the conditions, if any, upon which the deposit will be diminished upon return.
(D) Advance payments or prepayments shall not be construed as being a deposit.
(Prior Code, § 7-21) (Res. 169, passed - -)