The department with the concurrence of the water resource board, and the Rhode Island public utilities commission, as to water suppliers within its jurisdiction, shall forthwith promulgate rules and regulations for the review of components as pertains to financial forecasts of facility replacement, improvement requirements and fiscal controls and accounting depreciation standards per § 46-15.6-4(a)(1) and (a)(2). The department with the concurrence of the water resource board, and the Rhode Island public utilities commission, as to water suppliers within its jurisdiction, shall promulgate the criteria or standards which it will use to evaluate the implementation of approved components, programs and funding mechanisms.
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