§ 160A-237. Authority to hold water and sewer assessments in abeyance. - North Carolina Statutes

§ 160A‑237. Authority to hold water and sewer assessments in abeyance.

The assessment resolution may provide that assessments levied underthis Article for water or sewer improvements be held in abeyance withoutinterest until improvements on the assessed property are actually connected tothe water or sewer system for which the assessment was levied, or a datecertain not more than 10 years from the date of confirmation of the assessmentroll, whichever event first occurs. Upon termination of the period of abeyance,the assessment shall be paid in accordance with the terms set out in theassessment resolution. If assessments are to be held in abeyance, theassessment  resolution shall classify the property assessed according togeneral land use, location with respect to the water or sewer system, or otherrelevant factors, and shall provide that the period of abeyance shall be thesame for all assessed property in the same class.

All statutes of limitations are suspended during the time that any assessment is held in abeyance without interest. (1973, c. 426, s. 35.)