Certified distribution dates; distribution by warrant
Sec. 16. (a) Except as provided in subsections (b) and (c), on May
1 of each year, one-half (1/2) of each county's certified distribution
for a calendar year shall be distributed from its account established
under section 10 of this chapter to the county treasurer. The other
one-half (1/2) shall be distributed on November 1 of that calendar
year.
(b) This subsection applies to a county having a population of
more than one hundred forty-five thousand (145,000) but less than
one hundred forty-eight thousand (148,000). Notwithstanding section
11 of this chapter, the initial certified distribution certified for a
county under section 11 of this chapter shall be distributed to the
county treasurer from the account established for the county under
section 10 of this chapter according to the following schedule during
the eighteen (18) month period beginning on July 1 of the year in
which the county initially adopts an ordinance under section 2 of this
chapter:
(1) One-fourth (1/4) on October 1 of the year in which the
ordinance was adopted.
(2) One-fourth (1/4) on January 1 of the calendar year following
the year in which the ordinance was adopted.
(3) One-fourth (1/4) on May 1 of the calendar year following
the year in which the ordinance was adopted.
(4) One-fourth (1/4) on November 1 of the calendar year
following the year in which the ordinance was adopted.
The county auditor and county treasurer shall distribute amounts
received under this subsection to a county and each city or town in
the county in the same proportions as are set forth in section 12 of
this chapter. Certified distributions made to the county treasurer for
calendar years following the eighteen (18) month period described
in this subsection shall be made as provided in subsection (a).
(c) Before July 1 of each year, a county's certified distribution for
additional homestead credits under section 25 or 26 of this chapter
for the year shall be distributed from the county's account established
under section 10 of this chapter.
(d) All distributions from an account established under section 10
of this chapter shall be made by warrants issued by the auditor of
state to the treasurer of state ordering the appropriate payments.
As added by P.L.380-1987(ss), SEC.6. Amended by P.L.157-2002,
SEC.3; P.L.192-2002(ss), SEC.125.
Last modified: May 28, 2006