Indiana § 36-9-38-29 Municipal assessment; manner of payment; other assessments;
payment in installments; interest

Indiana Statutes

§ 36-9-38-29 — Municipal assessment; manner of payment; other assessments; payment in installments; interest

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 38 Barrett Law Funding for Municipal Improvement

(a)At the time the municipal works board determines the amount of the assessments, the municipal works board shall also determine the following:

(1)The manner in which the municipality shall pay the municipality's assessment, if any.

(2)The number of monthly or annual installments over which the other assessments will be paid.

(3)The maximum rate of interest on the installments, which may be equal to or greater than the interest rate on bonds issued under section 30 of this chapter.

(b)The works board shall certify the determination under subsection

(a)to the municipal fiscal officer. This certification must accompany the assessment roll.

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(a) At the time the municipal works board
determines the amount of the assessments, the municipal works board
shall also determine the following:
(1) The manner in which the municipality shall pay the
municipality's assessment, if any.
(2) The number of monthly or annual installments over which the
other assessments will be paid.
(3) The maximum rate of interest on the installments, which may
be equal to or greater than the interest rate on bonds issued under
section 30 of this chapter.
(b) The works board shall certify the determination under subsection
(a) to the municipal fiscal officer. This certification must accompany
the assessment roll.

Indiana § 36-9-38-29 (Municipal assessment; manner of payment; other assessments; payment in installments; interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.