Sec. 10. (a) The works board shall levy special assessments for the amount determined under section 9 of this chapter if:

(1) the contract for construction of the system is executed; and

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Terms Used In Indiana Code 36-9-40-10

  • Contract: A legal written agreement that becomes binding when signed.
(2) the system is constructed.

     (b) The special assessments levied under this section may not exceed the cost of construction of the system.

As added by P.L.7-2002, SEC.1.

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