Minnesota SF1709 modifies the interest accrual rate on unpaid special assessments and requires refunds for certain interest payments.
Minnesota SF1709 amends the interest accrual rate on unpaid special assessments, reducing it to 1.23%. It also mandates refunds for any overpayments of interest. The bill revises the procedures for special assessments, including how interest is calculated and when it can be forgiven. These changes apply to special assessments levied after the bill's enactment.
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