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(a) The board of directors of a levee district that includes more than two (2) counties may, at a regular meeting or at a special meeting called for the purpose, adopt a resolution providing for assessments as provided in this section.
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(b)
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(1) The board of directors of a levee district that includes more than two (2) counties may provide by resolution for an annual assessment under this section upon:
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(A) All real estate subject to overflow in the district;
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(B) All improvements on real estate subject to overflow in the district; and
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(C) Telephone, electrical light and power lines, and pipelines subject to overflow within the district.
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(2)
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(A) The board of directors of a levee district may assess a tax on the real estate subject to overflow in the district in the amount of thirty cents (30¢) per acre or city lot.
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(B) The board of directors of a levee district may assess a millage upon all improvements to real estate subject to overflow in the district in an amount not to exceed twenty (20) mills on the dollar of the assessed value as the property is assessed for state and county tax purposes.
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(3) The millage assessed upon telephone, electrical light and power lines, and pipelines subject to overflow within the district shall not exceed twenty (20) mills on the dollar of twenty percent (20%) of the assessed valuation of the utility company based on calculations by the Arkansas Public Service Commission that are provided to the tax assessor in each county within the levee district.
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(c) The board of directors of a levee district may assess a tax on a railroad, its right-of-way, and roadbed subject to overflow within the district in an amount not to exceed two hundred fifty dollars ($250) per mile within the district.
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(d) The alternative assessments under this section shall be in lieu of assessments required by other laws under which the levee district is established and operates.
