Indiana § 5-13-5-2 Application of section to public funds other than state funds; warrants
for payment of public funds; copy of warrant; disposition of warrant

Indiana Statutes

§ 5-13-5-2 — Application of section to public funds other than state funds; warrants for payment of public funds; copy of warrant; disposition of warrant

Indiana § 5-13-5-2

Title 5STATE AND LOCAL ADMINISTRATION

Art. 13INVESTMENT OF PUBLIC FUNDS

Ch. 5General Provisions

This text of Indiana § 5-13-5-2 (Application of section to public funds other than state funds; warrants for payment of public funds; copy of warrant; disposition of warrant) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-13-5-2 (2026).

Text

(a)This section applies to public funds other than state funds. In all political subdivisions where the fiscal officer and investing officer are two (2) separate individuals by law, all warrants for the payment of public funds shall be drawn by the proper public officer upon the proper treasurer. In all political subdivisions where the fiscal officer and investing officer are the same individual by law, all warrants shall be drawn by the fiscal officer directly against a depository. A copy of the warrant shall be attached to each warrant when drawn. The copy of the warrant shall be readily detachable and shall show the following information:

(1)The number of the warrant.

(2)The date and amount of the warrant.

(3)The name of the payee.

(4)The purpose of the warrant.

(5)The name and of

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(a) This section applies to public funds other
than state funds. In all political subdivisions where the fiscal officer
and investing officer are two (2) separate individuals by law, all
warrants for the payment of public funds shall be drawn by the proper
public officer upon the proper treasurer. In all political subdivisions
where the fiscal officer and investing officer are the same individual by
law, all warrants shall be drawn by the fiscal officer directly against a
depository. A copy of the warrant shall be attached to each warrant
when drawn. The copy of the warrant shall be readily detachable and
shall show the following information:
(1) The number of the warrant.
(2) The date and amount of the warrant.
(3) The name of the payee.
(4) The purpose of the warrant.
(5) The name and office of the drawer.
(6) The fund and the appropriation upon which the warrant is
drawn.
(b) In all political subdivisions where the fiscal officer and investing
officer are two (2) separate individuals by law, warrants shall be
presented by the proper public officer to the proper treasurer, who shall
detach and retain the copy of the warrant, countersign the original, and
stamp upon the original the name of the depository by which it is
payable. A warrant is effective only if it is stamped and countersigned
as provided in this subsection. After countersignature and stamping, all
warrants shall be returned to the proper public officer for distribution.
The proper treasurer, when any warrant is presented for payment by
any person other than a depository, may, for convenience of the persons
presenting the warrant, pay the amount of the warrant to the holder,
take an assignment by endorsement of the warrant, and deposit the
warrant in the proper depository in lieu of the cash paid out to the
holder of the warrant.