§ 61-35-77 — Certification of assessments to county auditor

North Dakota § 61-35-77

• Jurisdiction: North Dakota
• Title 61: Waters
• Ch. 61-35: Water Districts

Text

When a district board, by resolution, has caused special assessments to be levied to cover
the cost of constructing a project, the board shall determine the rate of interest unpaid special
assessments are to bear, which rate may not exceed one and one-half percent above the bond
rate. Interest on unpaid special assessments commences on the date the assessments are
finally confirmed by the board. Special assessments may be certified and made payable in
equal annual installments, the last of which must be due and payable not more than thirty years
after date of the bonds to be paid. The secretary of the district shall certify to the county auditor
of the county in which the district is situated, or if the district embraces more than one county, to
the county auditor of each county in which district lands subject to such special assessments
are situated, the total amount assessed against each piece, parcel, lot, or tract of land. The
secretary of the district shall also file with the county auditor of each county in which district
lands lie a statement showing the cost of the project and the part of the project to be financed by
special assessments. Funds needed to pay the cost of maintaining a project may be raised in
the same manner as funds were raised to meet construction costs. If the project was financed in
whole or in part through the use of special assessments, the district board shall prorate the cost
of construction or, if a reassessment of benefits has been adopted, the costs must be prorated
in accordance with the reassessment of benefits as authorized by section 61-35-65. The district
treasurer shall annually certify to the county auditor all uncertified installments of assessments
which are to be extended upon the tax lists of the district for the current year, in the manner
provided in this section. The annual certification must continue until the amount of moneys on
deposit in the fund established under section 61-35-83 is sufficient to cover outstanding
principal of and interest on any obligations issued to fund the projects, and in addition, to repay
the district for any payments made by the district to fund deficiencies in the fund established
under section 61-35-83.