Sec. 13. After the obligation is deposited with the county auditor under section 12 of this chapter, the county auditor shall issue a warrant to the county treasurer, to be paid to the county for the amount of money specified in the ordinance and obligation. When the warrant is presented to the county treasurer, the treasurer shall transfer from the fund the amount contained in the warrant from the principal sum of the fund to the credit of the county revenue of the county. Funds transferred under this section become a part of the general revenue funds of the county.
[Pre-2006 Recodification Citation: 21-1-7-5.]
As added by P.L.2-2006, SEC.165.
Structure Indiana Code
Article 42. Fiduciary Funds and Accounts
Chapter 1. Administration of Common School Fund by County
20-42-1-4. Prohibition on Reducing Principal of Fund
20-42-1-5. Transfer of Fund Balance to Debt Service Fund and to the Operations Fund
20-42-1-6. Transfer of Custody of Fund Balance to State
20-42-1-7. County Liability for Fund
20-42-1-8. Deposit of Interest in Fund
20-42-1-9. Required Transfer of Revenue to State
20-42-1-10. Loans; Required Interest Rate
20-42-1-11. Minimum Balance; Loans; Maximum Term
20-42-1-12. Form of Loan Agreement
20-42-1-13. Distribution of Loaned Amount From Fund
20-42-1-15. Receipts for Payment of Principal or Interest on Loan