SF 3274

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to natural resources; modifying the maximum amount allowed in
a drainage system repair fund; amending Minnesota Statutes 2006, section
103E.735, subdivision 1.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2006, section 103E.735, subdivision 1, is amended to
read:

Subdivision 1.

Authority and limits of fund.

To create a repair fund for a
drainage system to be used only for repairs, the drainage authority may apportion and
assess an amount against all property and entities assessed for benefits in proceedings
for establishment of the drainage system, including property not originally assessed
and subsequently found to be benefited according to law. The fund may not exceed 20
percent of the assessed benefits of the drainage system or deleted text begin $40,000 deleted text end new text begin $100,000 new text end , whichever is
greater. If the account in a fund for a drainage system exceeds the larger of 20 percent
of the assessed benefits of the drainage system or deleted text begin $40,000 deleted text end new text begin $100,000 new text end , assessments for
the fund may not be made until the account is less than the larger of 20 percent of the
assessed benefits or deleted text begin $40,000 deleted text end new text begin $100,000 new text end . Assessments must be made pro rata according to
the determined benefits. Assessments may be made payable, by order, in equal annual
installments. The auditor shall file a tabular statement as provided in section 103E.731,
subdivision 4, with the county recorder. Assessments must be collected as provided in
section 103E.731.