(a) When the assessment of benefits has been made and filed, as provided herein, the property owner shall have the right to pay such assessment of benefits in full within sixty (60) days thereafter, but, if he does not avail himself of this privilege, the assessment of benefits shall bear interest at the rate of six percent (6%) per annum.
(b) The interest need not be computed until necessary to be sure the collections have not exceeded the total amount of the benefits so levied.
Structure Arkansas Code
Subtitle 19 - Roadways, Bridges, and Parking Improvement Districts
Chapter 320 - Interstate Bridge Districts
§ 14-320-102. Board of commissioners
§ 14-320-103. Employment of personnel
§ 14-320-104. Plans — Map and specifications
§ 14-320-105. Petition for district establishment — Contents and signatures
§ 14-320-106. Petition — Notice, hearing, and appeal
§ 14-320-107. Assessment of lands — Procedure
§ 14-320-108. Notice and filing of assessment — Hearing and appeal
§ 14-320-109. Paying the assessment
§ 14-320-110. Determination of construction costs
§ 14-320-112. Collection of taxes — Delinquency
§ 14-320-113. Additional tax levy
§ 14-320-114. Borrowing money — Bond issues
§ 14-320-115. Lien of bonds — Tax levy — Default
§ 14-320-116. Revenue bonds — Tax levy when tolls insufficient
§ 14-320-117. Applicability of federal law