If for any reason the improvement contemplated by any district organized under this chapter is not made, the preliminary expense shall be a first lien upon all the real property in the district and shall be paid by a levy of a tax on it. The levy shall be made by the chancery court of the county and shall be collected by a receiver to be appointed by the court.
Ark. Code Ann. § 14-94-127
Lien for preliminary expenses
Known as the Municipal Property Owner's Improvement District Law
The act spans §§ 14–14 (28 sections).
Applied in 1 court decision — leading case Robert D. Holloway, Inc. v. Pine Ridge Addition Residential Property Owners (1998)
Most recently applied in Robert D. Holloway, Inc. v. Pine Ridge Addition Residential Property Owners (April 1998)
Acts 1987, No. 113, § 20.
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.