Section 25-4-57 Payment of Interest on Moneys Advanced by Federal Government - Assessment to Discontinue When All Interest Paid; Payment of Interest on Money Advanced After Previously Borrowed Funds Repaid.
Assessment payments stop for the next calendar year after all interest due on all advances has been paid. If later federal borrowing becomes necessary after previously borrowed advances are repaid, assessments must be made again under Section 25-4-55.
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Section 25-4-57 Payment of Interest on Moneys Advanced by Federal Government - Assessment to Discontinue When All Interest Paid; Payment of Interest on Money Advanced After Previously Borrowed Funds Repaid.
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