2001 Minnesota Statutes

     16D.13 Interest. 

    Subdivision 1.    Authority.  Unless otherwise provided 
 by contract out of which the debt arises or by state or federal 
 law, a state agency shall charge simple interest on debts owed 
 to the state at the rate provided in subdivision 2 if notice has 
 been given in accordance with this subdivision.  Interest 
 charged under this section begins to accrue on the 30th calendar 
 day following the state agency's first written demand for 
 payment that includes notification to the debtor that interest 
 will begin to accrue on the debt in accordance with this section.

    Subd. 2.    Computation.  Notwithstanding chapter 334, 
 the rate of interest is the rate determined by the state court 
 administrator under section 549.09, subdivision 1, paragraph (c).

    Subd. 3.    Exclusion.  A state agency may not charge 
 interest under this section on overpayments of assistance 
 benefits under the programs formerly codified in sections 
 256.031 to 256.0361, 256.72 to 256.87, and under chapters 256D 
 and 256I, or the federal food stamp program.  Notwithstanding 
 this prohibition, any debts that have been reduced to judgment 
 under these programs are subject to the interest charges 
 provided under section 549.09. 

    HIST: 1995 c 254 art 5 s 11; 1999 c 159 s 4