Section 9-43-47 - Interest included in Plan Two installments--Additional interest and penalty ondelinquent installments.
9-43-47. Interest included in Plan Two installments--Additional interest and penalty on delinquent installments. The first installment under Plan Two shall include interest from the date of filing of the assessment roll with the municipal treasurer of the governmental subdivision affected to May first of the year in which the first installment is due. Each subsequent installment shall include one year's interest. Each of the installments, including interest as provided above, shall become delinquent on the first day of May of the year in which such installment becomes due and shall have interest and penalty added thereto each month at the same rate as provided in § 10-21-23 for delinquent real estate taxes.
Source: SDC Supp 1960, § 45.2112 (5) as enacted by SL 1963, ch 283, § 9.