§ 36-2-10-11 — Payment of warrants; want of funds; legal interest; redemption notice

Indiana § 36-2-10-11

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 2: GOVERNMENT OF COUNTIES GENERALLY
• Ch. 10: County Treasurer

Text

(a) If there is sufficient money in the county
treasury for the payment of warrants of the county auditor, the treasurer
shall pay each warrant of the auditor when it is presented.
(b) If there is no money to pay a county warrant when presented, the
treasurer shall write "not paid for want of funds" and the date of
presentment on the face of the warrant, over the treasurer's signature.
The warrant then bears legal interest beginning on the date of
presentment and continuing until:
(1) the treasurer gives notice, by publication under IC 5-3-1, that
there is money to redeem outstanding orders; or
(2) the warrant is included in a call under IC 36-2-9-17.
(c) When money for the redemption of outstanding county warrants
becomes available, the treasurer shall give the notice prescribed by
subsection (b).
[Pre-Local Government Recodification Citation:
17-3-32-8.]
As added by Acts 1980, P.L.212, SEC.1. Amended by
P.L.127-2017, SEC.65.