Section 9-43-121 – Separate fund to pay cost of local improvements.
9-43-121. Separate fund to pay cost of local improvements. A separate fund may be established to be used only to pay, in whole or in part, the cost of local improvements of the type for which the fund has been created and for which assessments are to be levied. Money in the fund may be […]
Section 9-43-122 – Transfer of special assessment bonds to special assessment accounts.
9-43-122. Transfer of special assessment bonds to special assessment accounts. Special assessment bonds may be transferred and appropriated to the special assessment accounts in the same manner and to the same extent as provided in §9-43-116 for the transfer of the bonds to general obligation bond sinking funds. All collections of assessments for assessment bonds […]
Section 9-43-123 – Transfer of excess assets to sinking fund for general obligation bonds issued to create and maintain special assessments.
9-43-123. Transfer of excess assets to sinking fund for general obligation bonds issued to create and maintain special assessments. If the governing body determines that the cash, assessment bonds, and any other investments held in the special assessment accounts are in excess of amounts required for financing contemplated future local improvements, it may transfer all […]
Section 9-43-124 – Restriction on transfer of special assessment moneys to other municipal fund.
9-43-124. Restriction on transfer of special assessment moneys to other municipal fund. No special assessment moneys may be transferred to any other fund of the municipality until all general obligation bonds issued to create or maintain the special assessments have been fully paid with interest. Source: SL 2012, ch 57, §52.
Section 9-43-125 – Restriction on injunctions–Time for commencing action on assessment.
9-43-125. Restriction on injunctions–Time for commencing action on assessment. No injunction restraining the making of any local improvement under the provisions of this chapter may be issued after the letting of the contract. No action or proceedings may be commenced or maintained in any court attacking the validity of the proceedings for special assessments up […]
Section 9-43-126 – Action challenging assessment to resolve all issues in one proceeding.
9-43-126. Action challenging assessment to resolve all issues in one proceeding. If any action or proceeding is commenced and maintained in any court to restrain the collection of any assessment levied for any municipal local improvement, to recover any such assessment previously paid, to recover the possession or title of any real property sold for […]
Section 9-43-127 – Districts for construction and maintenance of local improvements.
9-43-127. Districts for construction and maintenance of local improvements. The governing body of any municipality may establish one or more districts for the construction and maintenance of local improvements. The governing body may establish or modify the boundary of the district, construct improvements or portions of improvements, and assess the cost of the improvement to […]
Section 9-43-128 – Plan for local improvement district.
9-43-128. Plan for local improvement district. If the governing body deems it necessary to establish a local improvement district, the governing body shall have a plan of the district prepared by the city engineer or other competent person, showing the boundaries of the district and lots or parts of lots included in the district. The […]
Section 9-43-103 – Payment due dates–Interest on unpaid installments.
9-43-103. Payment due dates–Interest on unpaid installments. The installments of each assessment under Plan One or Plan Two are due and payable, one on January first following the date of approval of the assessment roll, and one on January first of each succeeding year until the entire assessment is paid. The governing body shall fix […]
Section 9-43-104 – Payment without interest or interest to the date of payment.
9-43-104. Payment without interest or interest to the date of payment. Any assessment or installment under Plan One or Plan Two may be paid without interest to the municipal finance officer at any time within thirty days after the approval of the assessment roll. Thereafter, and before the due date of the first installment, the […]