Minnesota HF238 modifies the interest accrual rate on unpaid special assessments and requires refunds on certain interest payments.

Minnesota HF238 amends the interest accrual rate on unpaid special assessments, requiring refunds on certain interest payments. The bill modifies the rate at which interest accrues on unpaid special assessments and mandates refunds for overpaid interest. It also includes technical changes to the assessment process, such as the handling of deferred assessments and prepayments. The changes apply to special assessments levied after the bill's enactment.

Minnesota HF238 modifies the interest accrual rate on unpaid special assessments and requires refunds on certain interest payments.

Minnesota HF238 amends the interest accrual rate on unpaid special assessments, requiring refunds on certain interest payments. The bill modifies the rate at which interest accrues on unpaid special assessments and mandates refunds for overpaid interest. It also includes technical changes to the assessment process, such as the handling of deferred assessments and prepayments. The changes apply to special assessments levied after the bill's enactment.