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14-94-121. Subsequent levies.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-94-121. 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 the improvement, as provided in this chapter, as the principal and interest on the bonds shall become due and payable, the board shall from time to time make the further levy upon the property previously assessed for a sum sufficient to complete the improvement and to pay the 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) · 14-94-121
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:14-94-121
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2ede551b33842a2c6450f80ddb394e74f0ff02bf56638e5e254dbfdf47a1ec24
Source location: content.xml paragraph 26803
Stored source content
14-94-121. 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 the improvement, as provided in this chapter, as the principal and interest on the bonds shall become due and payable, the board shall from time to time make the further levy upon the property previously assessed for a sum sufficient to complete the improvement and to pay the 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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