247.171. Proportion of sum of all outstanding bonds and debts, calculation.
Proportion of sum of all outstanding bonds and debts, calculation.
247.171. The proportion of the sum of all outstanding bonds and debt,with interest thereon, that is required to be paid to the water supplydistrict, pursuant to subsection 1 of section 247.031, and subdivision (5)of subsection 1 of section 247.170, shall be the same as the proportion ofthe assessed valuation of the real and tangible personal property withinthe area sought to be detached and excluded bears to the assessed valuationof all of the real and tangible personal property within the entire area ofthe water supply district.
(L. 2001 S.B. 267)