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Section 14-93-120 - Interest on assessment — Arkansas Law | CourtGPT
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  7. Section 14-93-120 - Interest on assessment
Arkansas Legal Code

Section 14-93-120 - Interest on assessment

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The assessment of the benefits shall bear interest at the rate of ten percent (10%) per annum from the time it is equalized. However, the interest need not be calculated until it is necessary to do so to avoid exceeding the total amount of benefits and interest, or the interest may be first collected.Acts 1983, No. 613, § 11; A.S.A. 1947, § 20-2411.