Section 54514 Of Article 6. Duties Of Local Agencies From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 6. >> Article 6.

. Subject to the provisions of Section 54516.1, the local agency shall prescribe, revise, and collect such charges that the services, facilities or water of the enterprise are furnished at the lowest possible cost consistent with sound economy, and prudent management, and the security and payment of the principal and interest of the bonds.