Minn. R. agency 176, ch. 7856, pt. 7856.7020

Current through Register Vol. 49, No. 18, October 28, 2024
Part 7856.7020 - INTEREST

If a retailer fails to pay any amount due to the lottery within the time required, the retailer shall owe interest on the unpaid amount due during each fiscal year at the rate of five percent in excess of the discount rate on 90-day commercial paper in effect on the previous July 1 at the Federal Reserve Bank in the Federal Reserve District encompassing Minnesota.

Minn. R. agency 176, ch. 7856, pt. 7856.7020

14 SR 2315

Statutory Authority: MS s 349A.05