Delinquency
Sec. 17. If a taxing unit is delinquent in repaying a loan granted
under this chapter, the board may certify the amount of the
delinquency to the auditor of state and the department of state
revenue. Upon receiving a certification under this section, the auditor
of state and the department of state revenue shall reimburse the board
in the amount of the delinquency from property tax replacement
credit or homestead credit distributions otherwise due the taxing unit.
The auditor of state and the department of state revenue shall reduce
the amount distributed for payment to the taxing unit by the amount
paid to the board under this section.
As added by P.L.58-1997, SEC.1.
Last modified: May 28, 2006