Sec. 3. A life cycle cost-benefit analysis must include a comparison of the alternatives of: (1) meeting the water supply or wastewater service needs of the community or area served or proposed to be served through the operation of the water and wastewater treatment plant, as: (A) owned and operated; or (B) proposed to be owned and operated; according to the terms of the permit application; and (2) meeting the water supply or wastewater service needs of the community or area served or proposed to be served through one (1) or more other potential means.
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