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

Indiana Statutes

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

Indiana § 20-42-1-13

Title 20EDUCATION

Art. 42FIDUCIARY FUNDS AND ACCOUNTS

Ch. 1Administration of Common School Fund by County

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Bluebook

Ind. Code § 20-42-1-13 (2026).

Text

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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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.]