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161a-33
161A.33 ASSESSMENTS TRANSMITTED.
1. The governing body upon receiving the reports from three
appointed appraisers and after holding the hearings shall transmit
and certify the amounts of assessments to the respective boards of
supervisors which, upon receipt of certification from the governing
body of the district, make the necessary levy of such assessments as
fixed by the governing body upon the land within such subdistrict.
The assessments shall be levied at that time as a tax and shall bear
interest at a rate not exceeding that permitted by chapter 74A from
that date payable annually except as hereafter provided as to cash
payments therefor within a specified time.
2. The assessment levied under this section together with any
accrued interest or delinquency penalty as provided in this chapter
shall be deposited in a fund established by the governing body as
provided by a resolution adopted by the governing body and delivered
for filing with each appropriate county treasurer. Moneys earned as
income from moneys in the fund, including as interest, shall remain
in the fund until expended by the governing body according to
procedures specified in the resolution. If the governing body does
not adopt a resolution or deliver the resolution to the county
treasurer, the moneys shall be deposited into a separate account in
the county's general fund by that county treasurer. The account
shall be identified by the official name of the subdistrict and
expenditures from the account shall be made on requisition of the
chairperson and secretary of the governing body of the subdistrict.
3. At no time shall an assessment be made where the benefits
accrued to the subdistrict do not exceed the cost of the improvements
within the subdistrict. Section History: Early Form
[C62, 66, 71, 73, 75, 77, 79, 81, § 467A.33] Section History: Recent Form
C93, § 161A.33
2005 Acts, ch 116, §2
Referred to in § 161A.34, 161A.41, 331.552
