Code · Virginia · Title 21 — Drainage, Soil Conservation, Sanitation and Public Facilities Districts · Chapter 6

Code of Virginia § 21-370. Application of surplus to reduce assessment for following year.

58 words·~1 min read·/va/title-21/chapter-6/21-370

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

When the sum actually collected on any such assessment shall be more than sufficient to pay the principal and interest for the next succeeding year, a proper allowance for such surplus shall be made in the following assessment, and the percentage may be reduced accordingly.

Code 1919, § 1771; 1924, p. 711; 1926, p. 620; 1936, p. 1034.