11.__Negotiated or competitive bidding process.__Any notes, bonds or other instruments of indebtedness may be the subject of a negotiated or competitive bidding process or any other process that may be advantageous to the jail authority.__ Determination of the process to be used must be made by and at the discretion of the directors.

§1952.__Charges

All persons, firms and corporations, whether public or private, shall pay to the treasurer of the jail authority formed under this chapter the rates, tolls, assessments, rents, transportation charges and other charges established by the directors for services provided by the jail authority. In this subchapter, the words "other charges" include, but are not limited to, interest on delinquent accounts at a rate not to exceed the highest lawful rate set by the Treasurer of State for municipal taxes. The jail authority may submit periodic bills directly to individual users or to the counties as determined by the directors.

The jail authority may establish schedules of charges by any method determined by the directors.

The rates, tolls, assessments, rents, transportation charges and other charges must be so established as to provide revenue at least sufficient, together with any other money available, to:

1.__Current operating expenses.__Pay the current expenses of operating and maintaining the multicounty jail facility;

2.__Unanticipated operating expenses.__Create and maintain a reserve not to exceed 3.5% of the operating budget for unanticipated operating expenses;

3.__Payment of interest and principal.__Pay the principal, premium and interest on all bonds and notes issued by the jail authority under this chapter when due and payable;

4.__Payments into reserve funds.__Create and maintain such reserves as may be required by any trust agreement or resolution securing bonds and notes;

5.__Repairs, replacements and renewals.__Provide funds for paying the cost of all necessary repairs, replacements and renewals of the multicounty jail facilities; and