Minnesota Administrative Rules
Agency 176 - Lottery, State
Chapter 7856 - LOTTERY RETAILERS
Part 7856.7020 - INTEREST
Universal Citation: MN Rules 7856.7020
Current through Register Vol. 48, No. 39, March 25, 2024
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.
Statutory Authority: MS s 349A.05
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