§ 145A07. Payment of assessments in installments
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 11 Pa.C.S.A. CitiesEffective: January 25, 2016
Effective: January 25, 2016
11 Pa.C.S.A. § 145A07
Formerly cited as PA ST 53 P.S. § 39507-A
§ 145A07. Payment of assessments in installments
(b) Interest rate.--The ordinance shall set forth the rate of interest for the installments, which shall not be more than 10% per year unless a bond is issued for the improvement, in which case the maximum interest rate on the installment payments shall be in accordance with section 9 of the Municipal Claim and Tax Lien Law.1
(2) The city may proceed to collect the installments by filing a lien in the same manner as municipal claims are filed under the Municipal Claim and Tax Lien Law2 or by instituting a civil action.
Credits
2015, Nov. 24, P.L. 242, No. 67, § 1, effective in 60 days [Jan. 25, 2016].
11 Pa.C.S.A. § 145A07, PA ST 11 Pa.C.S.A. § 145A07
Current through 2023 Regular Session Act 1. Some statute sections may be more current, see credits for details.
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