Indiana § 20-42-1-8 Deposit of interest in fund

Indiana Statutes

§ 20-42-1-8 — Deposit of interest in fund

Indiana·Title 20 EDUCATION·Art. 42 FIDUCIARY FUNDS AND ACCOUNTS·Ch. 1 Administration of Common School Fund by County

The payment of annual interest must be full
and complete every year. The payment must appear in the county
auditor's report to the secretary of education. The secretary of education
shall, at any time when the secretary of education discovers from the
report, or otherwise, that there is a deficit in the amount collected, for
want of prompt collection or otherwise, direct the attention of the board
of county commissioners and the county auditor to the fact. The board
of commissioners shall provide for the deficit in their respective
counties.
[Pre-2006 Recodification Citation: 21-1-1-2 part.]

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The payment of annual interest must be full
and complete every year. The payment must appear in the county
auditor's report to the secretary of education. The secretary of education
shall, at any time when the secretary of education discovers from the
report, or otherwise, that there is a deficit in the amount collected, for
want of prompt collection or otherwise, direct the attention of the board
of county commissioners and the county auditor to the fact. The board
of commissioners shall provide for the deficit in their respective
counties.
[Pre-2006 Recodification Citation: 21-1-1-2 part.]

Indiana § 20-42-1-8 (Deposit of interest in fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.