Sec. 15. All payments of principal or interest must be paid to the county treasurer. The:
(1) treasurer shall file a receipt with the county auditor; and
(2) auditor shall give the payor a receipt and record the payment.
The county auditor may accept payment of principal or interest if the county auditor can immediately transmit and pay the payment to the county treasurer.
[Pre-2006 Recodification Citation: 21-1-7-13 part.]
As added by P.L.2-2006, SEC.165.
Structure Indiana Code
Article 42. Fiduciary Funds and Accounts
Chapter 2. County Administration of Congressional Township School Fund
20-42-2-4. Prohibition on Reducing Principal of Fund
20-42-2-4.5. Transfer of Custody of Fund Balance to State
20-42-2-5. County Liability for Fund
20-42-2-6. Deposit of Interest in Fund
20-42-2-7. Annual Distribution of Balance to School Corporations
20-42-2-8. Report to Secretary of Education
20-42-2-9. Distributions Proportional to Balance Deposited in Fund From Township
20-42-2-10. Loans; Required Interest Rate
20-42-2-11. Minimum Balance; Loans; Maximum Term
20-42-2-12. Form of Loan Agreement
20-42-2-13. Distribution of Loaned Amount From Fund
20-42-2-15. Receipts for Payment of Principal or Interest on Loan