§ 36-9-37-32 — Schedule of amounts paid on bonds

Indiana § 36-9-37-32

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 9: TRANSPORTATION AND PUBLIC WORKS
• Ch. 37: Barrett Law Funding for Municipalities

Text

(a) If payment is made of principal or
interest on bonds issued in anticipation of the collection of special
assessments, the municipal fiscal officer shall prepare a schedule
showing the following:
(1) All bonds on which payment of principal or interest is made,
with the amount paid on each. If payment is not made in full, the
fiscal officer shall specify the balance of principal and interest
unpaid on each bond.
(2) The total of all principal of and interest on bonds on which no
payment is made.
(3) Interest paid on delinquency.
(4) The total amount of principal of and interest on bonds for
which a receipt was issued.
(5) The total amount of principal and interest paid on bonds.
(6) The total amount of interest on delinquency paid.
(7) The total balance of principal of and interest on bonds unpaid.
(b) The fiscal officer shall give a copy of the schedule to the
bondholder on the surrender of the bondholder's receipt.

Legislative History

As added by P.L.98-1993, SEC.8.