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Ark. Code Ann. § 14-94-121

Subsequent levies

Known as the Municipal Property Owner's Improvement District Law

The act spans §§ 14–14 (28 sections).

Acts 1987, No. 113, § 13.

(1) 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.

(2) The performance of the duties set forth in this section may be enforced by mandamus.

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.