Proration of unpaid installments
When a final assessment is being paid in installments under the Bancroft Bonding Act or ORS 450.897 (Bancroft Bonding Act applicable), if the final assessment is apportioned among smaller parcels of real property under ORS 223.317 (Apportionment of special assessment among parcels in subsequent partition of tract) to 223.327 (Procedure for equitable apportionment by ordinance or regulation), the installments remaining unpaid shall be prorated among those smaller parcels so that each parcel shall be charged with that percentage of the remaining installment payments equal to the percentage of the unpaid final assessment charged to the parcel upon apportionment. [Formerly 308.145; 1991 c.902 §34; 1995 c.333 §22; 1997 c.833 §21]
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