Indiana § 21-24-2.1-9 Failure to make transfer; notice; state comptroller to issue warrant;
amount of warrant

Indiana Statutes

§ 21-24-2.1-9 — Failure to make transfer; notice; state comptroller to issue warrant; amount of warrant

Indiana § 21-24-2.1-9

Title 21HIGHER EDUCATION

Art. 24UNIVERSITY OF SOUTHERN INDIANA

Ch. 2.1Transitional Provisions Relating to Creation of the

This text of Indiana § 21-24-2.1-9 (Failure to make transfer; notice; state comptroller to issue warrant; amount of warrant) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 21-24-2.1-9 (2026).

Text

This section applies if the University of
Southern Indiana board of trustees fails to make a transfer required by
an agreement described in section 5(d) of this chapter or required by
section 6 or 7 of this chapter, when due, to the Indiana State University
board of trustees. Upon being notified that the University of Southern
Indiana board of trustees has failed to make a transfer described by this
section, the state comptroller shall issue a warrant to the Indiana State
University board of trustees that is equal to the amount of payment due
from the University of Southern Indiana board of trustees to the Indiana
State University board of trustees. The amount of the warrant shall be
paid by the treasurer of state under IC 4-8.1-2 at the time of its
presentation to the extent that the amou

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This section applies if the University of
Southern Indiana board of trustees fails to make a transfer required by
an agreement described in section 5(d) of this chapter or required by
section 6 or 7 of this chapter, when due, to the Indiana State University
board of trustees. Upon being notified that the University of Southern
Indiana board of trustees has failed to make a transfer described by this
section, the state comptroller shall issue a warrant to the Indiana State
University board of trustees that is equal to the amount of payment due
from the University of Southern Indiana board of trustees to the Indiana
State University board of trustees. The amount of the warrant shall be
paid by the treasurer of state under IC 4-8.1-2 at the time of its
presentation to the extent that the amount of the warrant does not
exceed the undistributed amounts appropriated by the general assembly
to the University of Southern Indiana board of trustees in that fiscal
year. To the extent that the warrant exceeds the amount of
undistributed appropriations to the University of Southern Indiana
board of trustees, the treasurer of state shall continue to be obligated to
pay the excess in future fiscal years from amounts appropriated to the
University of Southern Indiana board of trustees in subsequent fiscal
years. The amount paid by the treasurer of state under this section in
any fiscal year shall be deducted from the amount distributable to the
University of Southern Indiana board of trustees from the affected
appropriation.