special assessment


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special assessment

A compulsory charge imposed by a government upon the owners of a restricted group of properties to defray the cost of a specific improvement or service, presumably of general benefit to the public and of special benefit to the owners of such properties.
References in periodicals archive ?
It is conceivable that the City of Pierre's special assessment at issue in Hubbard failed for the sole reason that the Pierre City Commission did not legislatively determine and quantify the special benefits that replacement curb and gutter would confer on the assessed properties.
(42) Under the final rule, the FDIC calculates the special assessment based on a flat rate on each institution's assets reduced by any Tier 1 capital (43) as reported by the end of the second quarter.
Under the current policy, the county combines all lighting districts with similar equipment into one countywide classified group for special assessments.
In situations where the special assessment is going to be substantial, he board of directors may be well advised to explore financing alternatives.
However, the statute does not prevent a three-year carryback of any loss resulting from deduction of the special assessment.
More information on the special assessment rates, as well as FDIC press releases and other documents, is available on the World Wide Web at www.fdic.gov or by calling the FDIC's public information center at 202-416-6940.
However, during this period MSHA may issue special assessments up to the new maximum of $50,000 for violations occurring after Nov.
However, as we have noted from time to time here, under certain circumstances, the unit owners have an opportunity to call a meeting of the association members and to vote to reject a special assessment after it is adopted by the board.
Funding for the SID's operations is expected to come from a special assessment on commercial property owners, not individual taxpayers.
The district court did not impose a fine, but it ordered Bolin to pay the mandatory special assessment and the additional special assessment under 18 U.S.C.
In addition, by the beginning of 2019 we expect the amortization of core deposit intangible expense and the FDIC special assessment to be complete."
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