This bill amends Minnesota Statutes 2024, specifically section 429.061, to modify the interest rate on unpaid special assessments and to require refunds for certain overpayments of interest. The amendments include provisions that allow for the treatment of excess interest added to installments as overpayments, which can be claimed as refunds. Additionally, the bill clarifies the process for notifying property owners of changes in interest rates and prepayment requirements, ensuring that owners are informed of any adjustments made by the council.

The bill also makes technical changes to the procedures for the adoption and certification of assessments. It specifies that the clerk must certify the assessment roll to the county auditor and outlines the conditions under which property owners can prepay assessments. Notably, it removes certain language regarding the timing of certifications and clarifies the interest calculation for prepayments. The effective date for these changes is set for the day following final enactment, applying to special assessments assessed on or after that date.

Statutes affected:
Introduction: 429.061