How Minn. Contractors Can Get 'Super Interest'

Law360, New York (April 7, 2011, 1:18 PM EDT) -- Despite unprecedented financial challenges, public and private owners must still pay their bills on time. Contractors and subcontractors should not be unfairly burdened by having to wait for payment. This is a good time to remind Minnesota contractors of their rights and obligations under Minnesota's prompt payment laws.

Minnesota has adopted prompt payment laws that require all state agencies and local governments (including cities, counties, towns, joint powers boards, school boards and the Metropolitan Council) to pay simple interest of 1.5 percent per month, or 18...
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