§ 14-33-10-3 — Installment payments

Indiana § 14-33-10-3

• Jurisdiction: Indiana
• Art. 33: CONSERVANCY DISTRICTS
• Ch. 10: Assessments

Text

(a) An assessment not paid in full shall be
paid in annual installments over the time commensurate with the term
of the bond issue or other financing determined by resolution adopted
by the board. Interest shall be charged on the unpaid balance at the
same rate per year as the interest charged on delinquent property tax
payments under IC 6-1.1-37-9(b). All payments of installments,
interest, and penalties shall be entered on the assessment roll in the
office of the district.
(b) Upon payment in full of the assessment, including interest and
penalties, the board shall have the lien released and satisfied on the
records in the office of the recorder of the county in which the real
property assessed is located.
(c) The procedure for collecting assessments for maintenance and
operation is the same as for the original assessment, except that the
assessments may not be paid in installments.
[Pre-1995 Recodification Citation: 13-3-3-79.]

Legislative History

As added by P.L.1-1995, SEC.26. Amended by P.L.67-2006, SEC.13; P.L.113-2010, SEC.96.