Indiana Code 20-45-7-28. Distribution by warrant; schedule
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Terms Used In Indiana Code 20-45-7-28
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- county auditor: refers to the county auditor of a qualified county. See Indiana Code 20-45-7-6
- county treasurer: refers to the county treasurer of a qualified county. See Indiana Code 20-45-7-8
- fund: refers to the county school distribution fund:
Indiana Code 20-45-7-12
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- tax: refers to the county supplemental school financing property tax to be levied by the county council under this chapter. See Indiana Code 20-45-7-15
Sec. 28. The county auditor shall issue a warrant to the county treasurer for the distributions from the fund to the qualified school corporations in the amounts to which they are entitled under this chapter. The distributions shall be made at the same time as other property tax levies in each semiannual tax settlement period. A qualified school corporation has the right to obtain advance draws.
[Pre-2006 Recodification Citation: 21-2-12-7.1 part.]
As added by P.L.2-2006, SEC.168.