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.
1955 c 841 s 3
Structure Minnesota Statutes
Chapters 426 - 435 — Municipal Finance, Taxation, Special Assessments
Chapter 435 — Public Improvements, Other Proceedings
Section 435.17 — First Class Cities; Assessments; Improvement Bonds.
Section 435.18 — Provisions Supplementary.
Section 435.19 — Assessment On Public Property; Exception; Sue To Be Paid.
Section 435.191 — Time Limit On Improvements.
Section 435.193 — Hardship Assessment Deferral For Seniors, Disabled, Or Military Persons.
Section 435.194 — Procedure To Obtain Deferred Assessment.
Section 435.195 — Termination Of Right To Deferred Payment.
Section 435.201 — Municipality Defined.
Section 435.202 — Improvements Abandoned.
Section 435.203 — Transfer Of Fund When Improvement Complete; Refund.
Section 435.22 — Special Assessment Improvement Bonds, Sale Below Par.
Section 435.23 — Reassess Tax-forfeited Land Back In Private Ownership.
Section 435.26 — Certificates Of Indebtedness.
Section 435.37 — Easement For Cartway.
Section 435.44 — Sidewalk Improvement Districts; Costs Split By Benefit.
Section 435.47 — Purchasing Water.