Ark. Code Ann. § 14-317-121
Interest on assessment
Year: 2026Length: 128 words
The assessment of the benefits shall bear interest at the rate of six percent (6%) per annum from the time it is equalized, but 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 1955, No. 367, § 8; A.S.A. 1947, § 20-1208.
The assessment of the benefits shall bear interest at the rate of six percent (6%) per annum from the time it is equalized, but 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 1955, No. 367, § 8; A.S.A. 1947, § 20-1208.