Indiana § 36-9-37-20 Collection of delinquent assessments; interest penalties

Indiana Statutes

§ 36-9-37-20 — Collection of delinquent assessments; interest penalties

Indiana § 36-9-37-20

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 37Barrett Law Funding for Municipalities

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Bluebook

Ind. Code § 36-9-37-20 (2026).

Text

(a)If any principal and interest, or an installment of principal and interest, is not paid in full when due, the municipal fiscal officer shall enforce payment of the following:

(1)The unpaid amount of principal and interest.

(2)A penalty of interest at the rate prescribed by subsection (b).

(b)If payment is made after a default, the municipal fiscal officer shall also collect a penalty of interest on the delinquent amount at one-half (1/2) the rate prescribed by IC 6-1.1-37-9(b) for each six (6) month period, or fraction of a six (6) month period, from the date when payment should have been made.

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(a) If any principal and interest, or an
installment of principal and interest, is not paid in full when due, the
municipal fiscal officer shall enforce payment of the following:
(1) The unpaid amount of principal and interest.
(2) A penalty of interest at the rate prescribed by subsection (b).
(b) If payment is made after a default, the municipal fiscal officer
shall also collect a penalty of interest on the delinquent amount at
one-half (1/2) the rate prescribed by IC 6-1.1-37-9(b) for each six (6)
month period, or fraction of a six (6) month period, from the date when
payment should have been made.