2025 Session Last amended: 1990 session

§ 103E.335 — Proceedings at Final Hearing

Plain-Language Summary

The drainage authority can borrow money and issue bonds or warrants to pay for drainage construction. The bonds are backed by the assessments on benefited properties and are repaid from assessment collections.

Practical Notes
Drainage project financing often involves borrowing against future assessment collections. This means the project can be built now while property owners pay their assessments over time.