                                 CODE OF VIRGINIA

APPLICATION OF SURPLUS TO REDUCE ASSESSMENT FOR FOLLOWING YEAR (§ 21-370)

When the sum actually collected on any such assessment shall be more than
sufficient to pay the principal and interest for the next succeeding year, a
proper allowance for such surplus shall be made in the following assessment, and
the percentage may be reduced accordingly.

HISTORY: Code 1919, § 1771; 1924, p. 711; 1926, p. 620; 1936, p. 1034.