2025 Session
Last amended: 1974 session
§ 435.195 — Termination of Right to Deferred Payment
Plain-Language Summary
Authorizes municipalities to construct, improve, and maintain public bicycle paths and trails.
435.195 TERMINATION OF RIGHT TO DEFERRED PAYMENT.
The option to defer the payment of special assessments shall terminate and all amounts accumulated plus applicable interest, shall become due upon the occurrence of any of the following events: (a) the death of the owner, provided that the spouse is otherwise not eligible for the benefits hereunder; (b) the sale, transfer or subdivision of the property or any part thereof; (c) if the property should for any reason lose its homestead status; or (d) if for any reason the taxing authority deferring the payments shall determine that there would be no hardship to require immediate or partial payment.
History:
History: History:
1974 c 206 s 9
Practical Notes
Cities may build and maintain bicycle paths as municipal improvements and may issue bonds for bicycle facility projects.