481.21 BOND COUNSEL FEES.
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/mn/chapter-481/481-21A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
481.21 BOND COUNSEL FEES.
An attorney-at-law performing services as bond counsel for the state, a state agency, or a political subdivision of the state shall be paid a fair and reasonable attorney's fee, based on the following factors:
(1)the time and labor required;
(2)the experience and knowledge of the attorney;
(3)the complexity and novelty of problems involved;
(4)the extent of the responsibilities assumed and the results obtained; and
(5)the sufficiency of assets properly available to pay for the services.
The fee must not be based primarily on a percentage of the amount of the bonds or obligations sold.