Virginia Statutes

§ 21-370 — Application of surplus to reduce assessment for following year

Virginia·Title 21 DRAINAGE, SOIL CONSERVATION, SANITATION AND PUBLIC FACILITIES DISTRICTS·Ch. 6 DRAINAGE PROJECTS
When the sum actually collected on any such assessment shall be more than sufficient to pay the principal and interest for the next succeeding year, a proper allowance for such surplus shall be made in the following assessment, and the percentage may be reduced accordingly.

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Legislative History

Code 1919, § 1771; 1924, p. 711; 1926, p. 620; 1936, p. 1034.

Nearby Sections

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