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.
94.33 FAILURE TO ASSUME AND PAY; WITHHOLDING FUNDS.
In the event any such county shall fail or neglect to assume that portion of the school district
or town bonds as provided in sections 94.31 and 94.32 and any such bonds remain unpaid at
maturity, upon demand of the governing body of the school district or town or the holder of
any such bonds, the commissioner of finance shall withhold from the payments to be made to
the county under the provisions of section 84A.23 the sum necessary to pay such portion and
pay the same to the treasurer of the school district or town. All money received by any school
district or town pursuant to sections 94.31 and 94.32 shall be applied solely to the payment of
past due bonds and interest.
History: (6452-17) Ex1936 c 47 s 4; 1973 c 492 s 14
In the event any such county shall fail or neglect to assume that portion of the school district
or town bonds as provided in sections 94.31 and 94.32 and any such bonds remain unpaid at
maturity, upon demand of the governing body of the school district or town or the holder of
any such bonds, the commissioner of finance shall withhold from the payments to be made to
the county under the provisions of section 84A.23 the sum necessary to pay such portion and
pay the same to the treasurer of the school district or town. All money received by any school
district or town pursuant to sections 94.31 and 94.32 shall be applied solely to the payment of
past due bonds and interest.
History: (6452-17) Ex1936 c 47 s 4; 1973 c 492 s 14
Official Publication of the State of Minnesota
Revisor of Statutes