Audit of monthly report; certificate of settlement; interest payment
if tax money not distributed
Sec. 1. (a) On or before June 20th and December 20th of each
year, the county auditor and the county treasurer shall meet in the
office of the county auditor. Before each semi-annual meeting, the
county auditor shall complete an audit of the county treasurer's
monthly reports required under IC 36-2-10-16. In addition, the
county auditor shall:
(1) prepare a certificate of settlement on the form prescribed by
the state board of accounts; and
(2) deliver the certificate of settlement to the county treasurer
at least two (2) days before each semi-annual meeting.
(b) If any county treasurer or auditor refuses, neglects, or fails to
distribute tax money due to a tax unit on or before the fifty-first day
immediately following each property tax due date under
IC 6-1.1-22-9 or IC 6-1.1-37-10, whichever applies, the county
treasurer and auditor shall pay to the taxing unit from the county
general fund interest on the taxing unit's undistributed tax money if
the county treasurer and auditor invest undistributed tax money in an
interest bearing investment. The amount of interest to be paid equals
the taxing unit's proportionate share of the actual amount of interest
which is received from investments of the undistributed tax money
from the fifty-second day immediately following the property tax due
date under IC 6-1.1-22-9 or IC 6-1.1-37-10, whichever applies, to the
date that the tax money is distributed.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by Acts 1980,
P.L.46, SEC.1; Acts 1981, P.L.11, SEC.28; P.L.230-2003, SEC.1.
Last modified: May 28, 2006