§ 11-14-16 — When treasurer shall pay over the funds collected

The county treasurer shall pay over to the treasurer of the state, and to any municipal
corporation or organized township, or to any body politic, on the order of the county auditor, all
moneys received by the treasurer arising from taxes levied and collected, belonging to the state,
or to such municipal corporation or organized township or school district on or before the tenth
working day of each calendar month, provided, however, that foundation program allocations
shall be made within seven days of receipt, excluding weekends and holidays. If any treasurer
willfully and negligently shall fail to settle with the state treasurer at the times and in the manner
prescribed by law, the county treasurer shall forfeit to the use of the state the sum of five
hundred dollars, such sum to be recovered from the treasurer or the treasurer's sureties on suit
brought by the state treasurer in the name of the state. If the state treasurer fails to bring such
suit, then any citizen of the state may bring the same.