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 apportionedthe cost of improvements on the basis of the assessed valuation of the propertyin the district and if at any time there is a deficit in any bond and interestfund of the sewer district, the governing body of the district shall makea levy based on the assessed valuation of all land and improvements in themain sewer district necessary to raise the required funds to pay the deficitand the principal of the bonds and interest in full.
History: L. 1983, ch. 99, § 22; July 1.