The assessment of the benefits shall bear interest at the rate of ten percent (10%) per annum from the time it is equalized. 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 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