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14-317-118. Signatures prerequisite to levy — Five year freeze on assessment increase.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-317-118. Signatures prerequisite to levy — Five year freeze on assessment increase.

14-317-118. Signatures prerequisite to levy — Five year freeze on assessment increase. (a) Road and street improvement districts formed after July 4, 1983, under the provisions of this chapter shall be subject to the provisions of this section in addition to other provisions of this chapter and all other applicable laws. (b) When the initial assessment of benefits by the districts has been determined, the petition for formation of the districts shall once again be reviewed by the authority initially reviewing the petition, and, if upon review, it does not appear that persons who would be liable for at least fifty-one percent (51%) of the initial assessed benefits have signed the petition, then the assessment shall not be levied until additional signatures are obtained on the petition which would represent the approval of persons who would be liable for at least fifty-one percent (51%) of the assessments. (c) Furthermore, the first assessment of benefits by the districts shall not be increased for a period of five (5) years subsequent to the first levy. (d) Thereafter, the assessment of benefits shall be as otherwise provided by law.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-317-118

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Record provenance

Stable record: arkansas_code:legal_authorities:14-317-118
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 67ddc03b864d0f5c5981ddc376ffc3765e79e6679e1f377edf09332e4dc382fc

Source location: content.xml paragraph 56782

Stored source content

14-317-118. Signatures prerequisite to levy — Five year freeze on assessment increase. (a) Road and street improvement districts formed after July 4, 1983, under the provisions of this chapter shall be subject to the provisions of this section in addition to other provisions of this chapter and all other applicable laws. (b) When the initial assessment of benefits by the districts has been determined, the petition for formation of the districts shall once again be reviewed by the authority initially reviewing the petition, and, if upon review, it does not appear that persons who would be liable for at least fifty-one percent (51%) of the initial assessed benefits have signed the petition, then the assessment shall not be levied until additional signatures are obtained on the petition which would represent the approval of persons who would be liable for at least fifty-one percent (51%) of the assessments. (c) Furthermore, the first assessment of benefits by the districts shall not be increased for a period of five (5) years subsequent to the first levy. (d) Thereafter, the assessment of benefits shall be as otherwise provided by law.

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