19-27a23. Abnormal delinquency in payment of special assessments; levy authorized.
19-27a23
19-27a23. Abnormal delinquency in payment of special assessments; levy authorized.
Whenever the board of county commissioners which has
established a sewer district
determines that
because of abnormal delinquency in the payment of special assessments
against property located within the district there will be
insufficient revenue available to meet the present and future bond and
interest maturities of bonds issued for the construction of sewers within
the district, the board is hereby authorized to levy an annual tax of not
to exceed 2 mills upon all of the taxable real property located
within the district for the purpose of providing funds to supplement those
funds received from special assessments thereby eliminating the
deficiency. All moneys received from the payment of the delinquent
special assessments made against property located within the sewer district shall be
paid into the bond and interest fund of the district and used only for the
purpose of paying the principal and interest of bonds issued for the
construction of sewers in the district.
History: L. 1983, ch. 99, § 24; July 1.