CHAPTER 304

An Act to amend the Code of Virginia by adding in Article 2 of Chanter 7,
Title 15.1 a section numbered 15.1-249.1 so as to provide that assess-
ments upon abutting landowners for local improvements may be per-
mitted to be paid in installments, with interest.

—_ | _s 2» eee os
Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia be amended by adding in Article 2, of
Chapter 7, Title 15.1, a section numbered 15.1-249.1, as follows:

§ 15. 1-249.1. The governing body of a city, town or county making
assessments under the provisions of this article may provide that the
persons, firms, or corporations against whom the assessments have been
finally made may pay such assessments in equal installments over a period
of not exceeding five years, together with interest at the rate of six per
centum per annum on the unpaid balances. Such installments shall be-
come due at the same time that real estate taxes become due and payable
in the city, town or county in which the assessment was made and the
amount of each installment, including principal and interest, shall be
shown on the tax ticket mailed to each such person, firm or corporation
by the treasurer.