The Board shall have the responsibility of investigating, gathering information, deliberating, and advising the Town Council with regard to any future proposed changes to the general rates and charges for the use of and services rendered by the municipally owned electric and water utilities, and with regard to any future proposed capital improvements, the costs of which would be required to be financed by the issuance of debt instrument by the town. The Board’s capacity shall be advisory only, and the Town Council shall not be bound by any recommendations or advice received from the Board. The Board shall not be required to investigate, deliberate, or advise the Town Council in regard to any rate increases or decreases in the cost of electricity, or water from the town’s wholesale suppliers.
(1992 Code, § 9-68.7) (Ord. 715, § 9, passed 9-22-1988)