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.\nCode 1919, § 1771; 1924, p. 711; 1926, p. 620; 1936, p. 1034.
Virginia Legal Code
§ 21.370
Source: https://law.lis.virginia.gov/vacode/21-370/· Version 2026