2005 Minnesota Statutes

     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.  

    HIST: 1955 c 841 s 3