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DEPOSIT:

Your District may require a cash deposit as a guarantee of payment of bills for electrical service, in any amount but not less than one hundred dollars (100.00). In the case of customers who previously have established satisfactory credit references, your District may, at its discretion, waive collection of a deposit.

Upon termination of service and payments of accounts in full, the customers' deposits will be refunded. The customers' deposits may be refunded at any time at the discretion of the District. Five percent simple interest will be paid on deposits at the time of refund on deposits held in excess of thirty days.