The assessment of the benefits shall bear interest at a rate or rates from the time it is equalized, not to exceed that required to service the bonds, or at the maximum interest rate allowed by law if no bonds issue. However, 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 5 - Improvement Districts Generally
Chapter 92 - Suburban Improvement Districts
Subchapter 2 - Suburban Improvement Districts Generally
§ 14-92-202. Applicability of 1981 amendments
§ 14-92-204. Hearing prior to filing petition to form district
§ 14-92-205. Petition to form district
§ 14-92-206. Hearing on petition and determination
§ 14-92-207. Board of commissioners generally
§ 14-92-208. Interest of commissioners in purchase, acquisition, or donation
§ 14-92-209. Removal of commissioners — Vacancies
§ 14-92-210. Powers of board generally
§ 14-92-211. Bond of contractors
§ 14-92-212. Payments generally — Warrants
§ 14-92-213. Payments to contractor
§ 14-92-214. Legal services in organizing
§ 14-92-215. Sale of unnecessary materials
§ 14-92-216. Planning by board
§ 14-92-218. Petition by property owners to extend improvements
§ 14-92-219. Purposes for which district organized
§ 14-92-220. Powers of districts generally
§ 14-92-222. Right and power of eminent domain
§ 14-92-224. Priority of cases
§ 14-92-225. Assessment of benefits and damages
§ 14-92-226. Filing and notice of assessment
§ 14-92-229. Interest on assessments
§ 14-92-230. Extension and collection of taxes
§ 14-92-231. Subsequent levies
§ 14-92-232. Payment of taxes — Enforcement
§ 14-92-233. Notice of delinquency
§ 14-92-234. Notes, bonds, or evidences of debt
§ 14-92-236. Public contributions to road or street improvement districts
§ 14-92-237. Dissolution or conversion of district — Definition
§ 14-92-238. Lien for preliminary expenses