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Ark. Code Ann. § 14-320-109

Paying the assessment

Acts 1951, No. 381, § 8; A.S.A. 1947, § 76-2008.

(1) When the assessment of benefits has been made and filed, as provided herein, the property owner shall have the right to pay such assessment of benefits in full within sixty (60) days thereafter, but, if he does not avail himself of this privilege, the assessment of benefits shall bear interest at the rate of six percent (6%) per annum.

(2) The interest need not be computed until necessary to be sure the collections have not exceeded the total amount of the benefits so levied.

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.