§ 36-9-37-43 — Unpaid warrants or checks; cancellation

Indiana § 36-9-37-43

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

Text

(a) A warrant or check shall be canceled on
December 31 of a year if the warrant or check:
(1) is for:
(A) the payment of principal or interest on bonds;
(B) the payment of nonwaivered funds to contractors for public
improvements; or
(C) damages sustained by a property owner on account of the
operation of the public improvement assessment laws; and
(2) has been written and not cashed for a period of at least two (2)
years.
(b) The proceeds of the canceled warrants or checks shall be
credited to the funds on which the warrants or checks were originally
drawn. If the funds on which the checks or warrants were originally
drawn cannot be determined, the proceeds shall be credited to the
following:
(1) The surplus Barrett Law account if the warrants or checks
were drawn on waivered accounts.
(2) The nonwaivered account if the proceeds were drawn on the
nonwaivered account.

Legislative History

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