Indiana § 14-27-5-11 Repayment of loan by levy of special assessment

Indiana Statutes

§ 14-27-5-11 — Repayment of loan by levy of special assessment

Indiana·Art. 27 LEVEES, DAMS, AND DRAINAGE·Ch. 5 Levee Associations; Federal Loans

A loan made under this chapter or under IC 13-2-29-1 (before its repeal) shall be repaid by levy of the special assessment authorized on the real property within the proposed project. The assessment against the landowners must be in the proportion that the benefits assessed against each tract of real property bear to the total benefits assessed as shown by the report of the appraisers appointed by the board of commissioners of the county under Acts 1913, c. 165, s. 16. Statutes regulating:

(1)the payment and collection of state and county taxes;

(2)the placing of assessments on the tax rolls and the recording of the assessments;

(3)the validity of the assessments;

(4)the assessment of penalties and interest; and

(5)the sale of property for delinquent taxes; apply to the assessments. [

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A loan made under this chapter or under IC 13-2-29-1 (before its repeal) shall be repaid by levy of the special
assessment authorized on the real property within the proposed project.
The assessment against the landowners must be in the proportion that
the benefits assessed against each tract of real property bear to the total
benefits assessed as shown by the report of the appraisers appointed by
the board of commissioners of the county under Acts 1913, c. 165, s.
16. Statutes regulating:
(1) the payment and collection of state and county taxes;
(2) the placing of assessments on the tax rolls and the recording
of the assessments;
(3) the validity of the assessments;
(4) the assessment of penalties and interest; and
(5) the sale of property for delinquent taxes;
apply to the assessments.
[Pre-1995 Recodification Citation: 13-2-29-2.]

Indiana § 14-27-5-11 (Repayment of loan by levy of special assessment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.