The amount of interest which will accrue on bonds issued by the districts shall be included and added to the tax, but the interest to accrue on account of the issuing of the bonds shall not be construed as a part of the cost of construction in determining whether or not the expense and the costs of making the improvements are or are not equal to or in excess of the benefits assessed.
Ark. Code Ann. § 14-117-410
Inclusion of bond interest with tax — Exception
Known as the Arkansas Irrigation, Drainage, and Watershed Improvement District Act
The act spans §§ 14-117-101 to 14-117-427 (52 sections).
Acts 1949, No. 329, § 29; 1963, No. 110, § 4; A.S.A. 1947, § 21-922.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.