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14-93-122. Subsequent levies.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-93-122. Subsequent levies.
(a) If the tax first levied shall prove insufficient to pay the bonds, both the principal and interest, issued by the board on account of an improvement as provided in this chapter, as it shall become due and payable, the board shall, from time to time, make such further levies upon the property previously assessed for sums sufficient to complete the improvement and to pay such bonds and interest which shall be extended and collected in the same manner as the first levy. However, the total levy shall in no case exceed the value of the benefits assessed on the property with interest.
(b) The performance of the duties set forth in this section may be enforced by mandamus.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-93-122
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:14-93-122
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: edd9399af5de906372f964dcf314b766d5b1f11b161a4f5649b4bf747a0a5ef9
Source location: content.xml paragraph 26370
Stored source content
14-93-122. Subsequent levies.
(a) If the tax first levied shall prove insufficient to pay the bonds, both the principal and interest, issued by the board on account of an improvement as provided in this chapter, as it shall become due and payable, the board shall, from time to time, make such further levies upon the property previously assessed for sums sufficient to complete the improvement and to pay such bonds and interest which shall be extended and collected in the same manner as the first levy. However, the total levy shall in no case exceed the value of the benefits assessed on the property with interest.
(b) The performance of the duties set forth in this section may be enforced by mandamus.
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