{"data":{"id":"us-ok/okla.-stat.-tit.-11-11-32-114","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 11, § 11-32-114","heading":"Levy and collection of costs - Installments - Issuance","body":"of bonds.\n\nThe levy and assessment shall be payable in not more than ten\n\nequal annual installments. Interest on the whole amount remaining\n\ndue and unpaid each year shall be at a rate not exceeding eight\n\npercent (8%) per annum. Delinquent installments, and the unpaid\n\ninterest thereon, shall draw interest at the rate of twelve percent\n\n(12%) per annum from maturity until paid. Any owner of land within\n\nthe improvement district may, within thirty (30) days after the\n\nassessing ordinance is passed, pay the entire amount assessed\n\nagainst such land. The assessing ordinance may provide that if the\n\nentire amount of all assessments shall not have been paid within\n\nthirty (30) days after passage of the assessing ordinance, special\n\nassessment bonds may be issued, sold, collected and enforced as to\n\nunpaid installments of assessments in the same manner as bonds for\n\nmunicipal street improvements are issued, sold, collected and\n\nenforced.","path":["OK Code","Title 11"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os11.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"0873a8f5257ec067780cd0f6a436f82467ed194c5adea5357738a8c42cc7e935","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-11-11-32-113","next":"us-ok/okla.-stat.-tit.-11-11-32-115"},"notice":"GroundRules: Original legal text. Not legal advice."}