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 318 - Improvement Districts For Acquiring Rights-of-way
§ 14-318-103. Petition by landowners
§ 14-318-104. Notice of petition
§ 14-318-105. Hearing on petition — Appeal
§ 14-318-106. District as body corporate
§ 14-318-107. Commissioners' oath
§ 14-318-108. Board organization — Vacancy
§ 14-318-109. Liability of board members
§ 14-318-112. Procurement and filing of plans for rights-of-way
§ 14-318-114. Duties of the county clerk and the collector
§ 14-318-115. Assessment order — Lien — Remedy
§ 14-318-116. Filing assessments — Notice — Hearing
§ 14-318-117. Interest on assessment
§ 14-318-118. Reassessment of benefits
§ 14-318-119. Time for payment of tax — Collection of delinquent taxes — Right of redemption
§ 14-318-120. Payment of improvement taxes with general taxes
§ 14-318-121. Additional levies in event of deficiency — Mandamus
§ 14-318-122. Commissioners' warrant
§ 14-318-123. Negotiable notes or bonds — Preliminary expenses and work
§ 14-318-124. Payment of preliminary expenses after failure to make improvement
§ 14-318-125. Misuse of bonds or money arising from sale of bonds — Penalties