Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
435.203 TRANSFER OF FUND WHEN IMPROVEMENT COMPLETE; REFUND.
Any money now or hereafter remaining in a fund heretofore or hereafter created by
a municipality for making one or more local improvements, after such improvement or
improvements have been completed and all claims against and obligations of said fund have been
satisfied, shall be transferred to the general fund of the municipality; provided that the council
may in its discretion authorize and direct the municipal treasurer to refund all or part of such
moneys to the persons who paid the assessments for the improvement or improvements, following
the procedure set forth in section 435.202, subdivision 2. The amount to be refunded in respect
of the assessment against each property shall be proportionate to the original principal amount
thereof, and shall be paid to the claimant or claimants who paid the last installment or installments
of the assessment aggregating more than the amount to be refunded. No refund shall be made in
respect to any assessment which is delinquent as to either principal or interest. Any installment of
any assessment which is not collected or in the process of collection at the time when refunds may
be made under this section shall be canceled as provided in section 435.202, subdivision 1.
History: 1955 c 841 s 3
Any money now or hereafter remaining in a fund heretofore or hereafter created by
a municipality for making one or more local improvements, after such improvement or
improvements have been completed and all claims against and obligations of said fund have been
satisfied, shall be transferred to the general fund of the municipality; provided that the council
may in its discretion authorize and direct the municipal treasurer to refund all or part of such
moneys to the persons who paid the assessments for the improvement or improvements, following
the procedure set forth in section 435.202, subdivision 2. The amount to be refunded in respect
of the assessment against each property shall be proportionate to the original principal amount
thereof, and shall be paid to the claimant or claimants who paid the last installment or installments
of the assessment aggregating more than the amount to be refunded. No refund shall be made in
respect to any assessment which is delinquent as to either principal or interest. Any installment of
any assessment which is not collected or in the process of collection at the time when refunds may
be made under this section shall be canceled as provided in section 435.202, subdivision 1.
History: 1955 c 841 s 3
Official Publication of the State of Minnesota
Revisor of Statutes