(a) The board may, not more often than once a year, require the assessor to reassess the benefits in the district. However, in the event the district shall have incurred any indebtedness or issued bonds, the total amount of assessed benefits shall never be diminished.
(b) The reassessment shall be made, advertised, and equalized in the same manner as provided in this chapter for making the original assessment.
Structure Arkansas Code
Subtitle 5 - Improvement Districts Generally
Chapter 93 - Property Owners' Improvement Districts
§ 14-93-102. Legislative intent
§ 14-93-105. Petition to form district
§ 14-93-106. Hearing on petition and determination
§ 14-93-107. Board of commissioners generally
§ 14-93-108. Removal of board members
§ 14-93-109. Planning by board
§ 14-93-110. Purposes for which district organized
§ 14-93-111. Powers of districts generally
§ 14-93-113. Right and power of eminent domain
§ 14-93-115. Priority of cases
§ 14-93-116. Assessment of benefits and damages
§ 14-93-117. Filing and notice of assessment — Hearing
§ 14-93-120. Interest on assessment
§ 14-93-121. Extension and collection of taxes
§ 14-93-122. Subsequent levies
§ 14-93-123. Payment of taxes — Enforcement
§ 14-93-124. Negotiable notes, bonds, or evidences of debt
§ 14-93-125. Bonds — Tax exemption
§ 14-93-126. Payment of bonds and interest
§ 14-93-127. Dissolution of district
§ 14-93-128. Lien for preliminary expenses
§ 14-93-129. Continued existence of district
§ 14-93-130. Systems turned over to municipality
§ 14-93-131. Consolidated systems authorized
§ 14-93-132. Connections outside district boundaries
§ 14-93-133. Annexation of lands outside district boundaries