48-1001. Fund transfers; successive levies
excused
A. If the annual installments of special assessments of any county improvement
district do not provide funds sufficient for the payment of the bonds and the interest
thereon as they shall accrue, the board of supervisors may, after a public hearing and
upon such notice as the board of supervisors deems necessary, exercise the option to
transfer from the contingency portion of the county general fund to the district an
amount sufficient to remove any deficiency. The board of directors of the district shall
then immediately initiate collection of such deficiency by proceeding against the
property delinquent in payment of special assessments.
B. From the amount thereafter recovered from such delinquent property proceeded
against pursuant to either section 48-946 or title 35, chapter 3, article 4.1 or this
article or through the later collection of the delinquent assessments, the district shall
transfer to the county general fund all such amounts recovered from the proceedings up to
an amount equal to the amount previously transferred to the district.
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