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.
Ark. Code Ann. § 14-93-120
Interest on assessment
Known as the Property Owners' Improvement District Law
The act spans §§ 14-93-101 to 14-93-133 (33 sections).
Acts 1983, No. 613, § 11; A.S.A. 1947, § 20-2411.
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.