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Alabama Code (Last Updated: November 28, 2014) |
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Title11 COUNTIES AND MUNICIPAL CORPORATIONS. |
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Title3 PROVISIONS APPLICABLE TO COUNTIES AND MUNICIPAL CORPORATIONS. |
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Chapter81. MUNICIPAL AND COUNTY BONDS. |
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Article4. Public Improvement Bonds. |
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Division1. Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally. |
§11-81-117. Refunding of excess assessments - Authority and procedure generally.
Latest version.
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In the event the amount collected from the assessment under any improvement ordinance shall exceed the total cost and expense of the improvement, there shall be refunded to each of the parties affected by said assessment a proportionate amount of the excess upon demand made therefor by said parties within 12 months after maturity or payment of the bonds authorized by this division.