The assessment of the benefits shall bear interest at the rate of six percent (6%) per annum from the time it is equalized, but the interest need not be calculated until it is necessary to do so to avoid exceeding the total amount of benefits and interest, or the interest may be first collected.
Structure Arkansas Code
Subtitle 19 - Roadways, Bridges, and Parking Improvement Districts
Chapter 317 - Rural Road Improvement Districts
§ 14-317-103. Petition for district formation — In general
§ 14-317-104. Notice of petition
§ 14-317-105. Circulation of identical petitions
§ 14-317-106. Hearing on petition — Appeal
§ 14-317-107. District as body corporate
§ 14-317-108. Commissioners' oath
§ 14-317-109. Board organization — Vacancy
§ 14-317-110. Liability of board members
§ 14-317-113. Sale of acquired lands
§ 14-317-115. Plans for improvement — Assessor
§ 14-317-116. County clerk — Collector
§ 14-317-117. Alteration of plans
§ 14-317-118. Signatures prerequisite to levy — Five year freeze on assessment increase
§ 14-317-119. Assessment order — Lien — Remedy
§ 14-317-120. Filing assessments — Notice — Hearing
§ 14-317-121. Interest on assessment
§ 14-317-123. Additional levies for payment of bonds
§ 14-317-124. Payment of levies — Delinquency
§ 14-317-126. Priority of actions — Appeals
§ 14-317-128. Negotiable notes or bonds — Mortgages
§ 14-317-129. Contractors' bonds
§ 14-317-130. Estimate of work completed — Payment of contractors
§ 14-317-131. Preliminary expenses after failure to make improvement
§ 14-317-132. District's continued existence — Levies for repair
§ 14-317-133. Disposition of funds
§ 14-317-134. Changing assessment of benefits when property is transferred