7-25A-33. Board authorized to levy special assessments for construction or acquisition of certain projects--Assessment as continuing lien.
129 words·~1 min read·
/sd/title-7/chapter-7-25/7-25a-33A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board may levy special assessments for the construction, reconstruction, or acquisition of projects authorized under this chapter using the procedures provided in chapter 9-43 . The district assessments may be made payable in thirty annual installments. Such special assessments are a continuing lien on such real property as against all persons except the United States and the state. The district may obtain loans as described in § 7-25A-24 , issue negotiable notes, warrants, or other evidences of debt as described in § 7-25A-25 or issue and sell bonds and other forms of indebtedness as described in § 7-25A-26 to finance the construction, reconstruction, or acquisition of a project or projects authorized by this chapter prior to the time the board levies special assessments for such project or projects.