2006 Minnesota Statutes

103E.611 PAYMENT OF DRAINAGE LIENS AND INTEREST.
    Subdivision 1. Payment of drainage lien principal. (a) Drainage liens against property
benefited under this chapter are payable to the treasurer of the county in 20 or less equal annual
installments. The first installment of the principal is due on or before November 1 after the
drainage lien statement is recorded, and each subsequent installment is due on or before
November 1 of each year afterwards until the principal is paid.
(b) The drainage authority may, by order, direct the drainage lien to be paid by 1/15 of the
principal on or before five years from November 1 after the lien statement is recorded, and 1/15
on or before November 1 of each year afterwards until the principal is paid.
(c) The drainage authority may order that the drainage lien must be paid by one or two
installments, notwithstanding paragraphs (a) and (b), if the principal amount of a lien against a lot
or tract of property or against a county or municipality is less than $50.
    Subd. 2. Interest. (a) Interest is an additional drainage lien on all property until paid. The
interest rate on the drainage lien principal from the date the drainage lien statement is recorded
must be set by the board but may not exceed the rate determined by the state court administrator
for judgments under section 549.09.
(b) Before the tax lists for the year are given to the county treasurer, the auditor shall
compute the interest on the unpaid balance of the drainage lien at the rate set by the board. The
amount of interest must be computed on the entire unpaid principal from the date the drainage
lien was recorded to August 15 of the next calendar year, and afterwards from August 15 to
August 15 of each year.
(c) Interest is due and payable after November 1 of each year the drainage lien principal or
interest is due and unpaid.
    Subd. 3. Collection of payments. Interest and any installment due must be entered on the
tax lists for the year. The installment and interest must be collected in the same manner as real
estate taxes for that year by collecting one-half of the total of the installment and interest with
and as a part of the real estate taxes.
    Subd. 4. Prepayment of interest. Interest may be paid at any time, computed to the date of
payment, except that after the interest is entered on the tax lists for the year, it is due as entered,
without a reduction for prepayment.
    Subd. 5. Payment of drainage liens with bonds. The board may direct the county treasurer
to accept any outstanding bond that is a legal obligation of the county under this chapter issued on
account of a drainage lien in payment of drainage liens under the provisions of this chapter. The
bonds must be accepted at their par value plus accrued interest.
    Subd. 6. Drainage lien record. The auditor shall keep a drainage lien record for each
drainage project and system showing the amount of the drainage lien remaining unpaid against
each tract of property.
    Subd. 7. Collection and enforcement of drainage liens. The enforcement, collection,
penalty, and interest provisions relating to real estate taxes apply to the payment of drainage liens.
History: 1990 c 391 art 5 s 79; 1996 c 471 art 3 s 1