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§ 32-114. Levy and collection of costs--Installments--Issuance of bonds

Oklahoma Statutes AnnotatedTitle 11. Cities and Towns

Oklahoma Statutes Annotated
Title 11. Cities and Towns (Refs & Annos)
Chapter 1. Municipal Code (Refs & Annos)
Municipal Departments and Services
Article XXXII. Parking Stations
11 Okl.St.Ann. § 32-114
§ 32-114. Levy and collection of costs--Installments--Issuance of bonds
The levy and assessment shall be payable in not more than ten equal annual installments. Interest on the whole amount remaining due and unpaid each year shall be at a rate not exceeding eight percent (8%) per annum. Delinquent installments, and the unpaid interest thereon, shall draw interest at the rate of twelve percent (12%) per annum from maturity until paid. Any owner of land within the improvement district may, within thirty (30) days after the assessing ordinance is passed, pay the entire amount assessed against such land. The assessing ordinance may provide that if the entire amount of all assessments shall not have been paid within thirty (30) days after passage of the assessing ordinance, special assessment bonds may be issued, sold, collected and enforced as to unpaid installments of assessments in the same manner as bonds for municipal street improvements are issued, sold, collected and enforced.


Laws 1977, c. 256, § 32-114, eff. July 1, 1978.
11 Okl. St. Ann. § 32-114, OK ST T. 11 § 32-114
Current with legislation of the First Regular Session of the 59th Legislature (2023) and the First Extraordinary Session of the 59th Legislature (2023). Some sections may be more current, see credits for details.
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