§ 36-9-37-40 — Money collected as special assessments; disposition after five years

(a) If:
(1) all or part of any money collected as nonwaivered special
assessments for public improvements has been in the possession
of the municipal fiscal officer for at least five (5) years; and
(2) a demand for the money has not been made by a party entitled
to the money within one (1) year preceding the end of the five (5)
year period;
the municipal fiscal officer shall prepare a detailed list of the
unclaimed money.
(b) The fiscal officer shall then give notice of the list by publication
in the manner prescribed by section 39 of this chapter.
(c) At the expiration of the thirty (30) day redemption period
provided by section 39 of this chapter, the municipal fiscal officer shall
transfer and pay all of the unclaimed money into the general fund of the
municipality. Money transferred under this subsection may be used and
expended in the same manner as other money in the general fund is
used and expended.

Legislative History

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