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 hasestablished a sewer districtdetermines thatbecause of abnormal delinquency in the payment of special assessmentsagainst property located within the district there will beinsufficient revenue available to meet the present and future bond andinterest maturities of bonds issued for the construction of sewers withinthe district, the board is hereby authorized to levy an annual tax of notto exceed 2 mills upon all of the taxable real property locatedwithin the district for the purpose of providing funds to supplement thosefunds received from special assessments thereby eliminating thedeficiency. All moneys received from the payment of the delinquentspecial assessments made against property located within the sewer district shall bepaid into the bond and interest fund of the district and used only for thepurpose of paying the principal and interest of bonds issued for theconstruction of sewers in the district.
History: L. 1983, ch. 99, § 24; July 1.