Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 5 - Improvement Districts Generally > Chapter 90 - Assessments By Municipal Improvement Districts > Subchapter 7 - Levy of Additional Tax > § 14-90-701 - Insufficient tax to complete improvement.

§ 14-90-701 - Insufficient tax to complete improvement.

14-90-701. Insufficient tax to complete improvement.

If the tax first levied shall prove insufficient to complete a municipal improvement or pay therefor, the board of improvement shall report the amount of the deficiency to the council, and it shall thereupon levy further taxes based on the assessment of benefits for a sum sufficient to complete the improvement or pay therefor, which shall be collected in the same manner as the first levy. However, the taxes levied shall never exceed the total amount of the benefits assessed or the limitation of cost fixed in the petition or by this act.