Indiana Statutes

§ 20-42-1-13 — Distribution of loaned amount from fund

Indiana·Title 20 EDUCATION·Art. 42 FIDUCIARY FUNDS AND ACCOUNTS·Ch. 1 Administration of Common School Fund by County
After the obligation is deposited with the county auditor under section 12 of this chapter, the county auditor shall issue a warrant to the county treasurer, to be paid to the county for the amount of money specified in the ordinance and obligation. When the warrant is presented to the county treasurer, the treasurer shall transfer from the fund the amount contained in the warrant from the principal sum of the fund to the credit of the county revenue of the county. Funds transferred under this section become a part of the general revenue funds of the county. [Pre-2006 Recodification Citation: 21-1-7-5.]

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Legislative History

As added by P.L.2-2006, SEC.165.

Nearby Sections

15
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