(a) If the tax first levied shall prove insufficient to pay the bonds, both the principal and interest, issued by the board on account of the improvement, as provided in this chapter, as the principal and interest on the bonds shall become due and payable, the board shall from time to time make the further levy upon the property previously assessed for a sum sufficient to complete the improvement and to pay the bonds and interest, which shall be extended and collected in the same manner as the first levy. However, the total levy shall in no case exceed the value of the benefits assessed on the property with interest.
(b) The performance of the duties set forth in this section may be enforced by mandamus.
Structure Arkansas Code
Subtitle 5 - Improvement Districts Generally
Chapter 94 - Municipal Property Owners' Improvement District Law
§ 14-94-102. Legislative intent
§ 14-94-105. Petition to form district
§ 14-94-106. Hearing on petition and determination
§ 14-94-107. Board of commissioners generally
§ 14-94-108. Removal of board members
§ 14-94-109. Planning by board
§ 14-94-110. Powers of districts generally
§ 14-94-112. Right of eminent domain
§ 14-94-114. Priority of cases
§ 14-94-115. Assessment of benefits and damages
§ 14-94-116. Filing and notice of assessment — Hearing
§ 14-94-119. Interest on assessment
§ 14-94-120. Extension and collection of taxes
§ 14-94-121. Subsequent levies
§ 14-94-122. Payment of taxes — Enforcement
§ 14-94-123. Negotiable notes, bonds, or evidence of debt
§ 14-94-125. Payment of bonds and interest
§ 14-94-126. Dissolution of district