§ 5-10.4-7-8 — Penalties; failure to make report

Indiana § 5-10.4-7-8

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 10.4: STATE TEACHERS' RETIREMENT FUND
• Ch. 7: School Corporation Reports and Administration

Text

If the treasurer of a school corporation, the
township trustee, or the appropriate officer of any other institution
covered by the fund fails to make the reports and payments as required
in section 6 or 7 of this chapter, the following apply:
(1) The officer has an additional thirty (30) days to make the
reports and payments without a penalty.
(2) If the reports and payments are not made within thirty (30)
days after the deadlines required by section 6 or 7 of this chapter,
the board may fine the school corporation, township, or institution
that the officer serves one hundred dollars ($100) for each
additional day that the reports and payments are late.
(3) If the officer is habitually late, as determined by the board, the
school corporation, township, or institution that the officer serves
is ineligible to receive any distribution of money from the state for
school purposes until the reports and payments are received and
approved by the board.
[Pre-2006 Education Finance Recodification Citation:
21-6.1-7-9.]

Legislative History

As added by P.L.2-2006, SEC.28.