Iowa Code § 357.20
Due date — bonds
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2014
As of January 1, 2012
Assessments of less than one hundred dollars will come due at the first taxpaying date after the approval of the final assessment, and assessments of one hundred dollars or more may be paid in ten annual installments with interest on the unpaid balance at a rate not exceeding that permitted by chapter 74A. The board of supervisors shall issue bonds against the completed assessment in an amount equal to the total cost of the project, so that the amount of the assessment will be approximately ten percent greater than the amount of the bonds.
Assessments of five hundred dollars or less will come due at the first taxpaying date after the approval of the final assessment, and assessments of more than five hundred dollars may be paid in ten annual installments with interest on the unpaid balance at a rate not exceeding that permitted by chapter 74A. The board of supervisors shall issue bonds against the completed assessment in an amount equal to the total cost of the project, so that the amount of the assessment will be approximately ten percent greater than the amount of the bonds.
99 Acts, ch 83, §5
99 Acts, ch 83, §5; 2012 Acts, ch 1138, §98
Referred to in
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.