19-27a21. Deficits in bond and interest fund; levy authorized.
19-27a21
19-27a21. Deficits in bond and interest fund; levy authorized.
Whenever the governing body of a sewer district has apportioned
the cost of improvements on the basis of the assessed valuation of the property
in the district and if at any time there is a deficit in any bond and interest
fund of the sewer district, the governing body of the district shall make
a levy based on the assessed valuation of all land and improvements in the
main sewer district necessary to raise the required funds to pay the deficit
and the principal of the bonds and interest in full.
History: L. 1983, ch. 99, § 22; July 1.