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Indiana Code Title 36. Local Government § 36-9-37-32

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 32. (a) If payment is made of principal or interest on bonds issued in anticipation of the collection of special assessments, the municipal fiscal officer shall prepare a schedule showing the following:

(1) All bonds on which payment of principal or interest is made, with the amount paid on each.  If payment is not made in full, the fiscal officer shall specify the balance of principal and interest unpaid on each bond.

(2) The total of all principal of and interest on bonds on which no payment is made.

(3) Interest paid on delinquency.

(4) The total amount of principal of and interest on bonds for which a receipt was issued.

(5) The total amount of principal and interest paid on bonds.

(6) The total amount of interest on delinquency paid.

(7) The total balance of principal of and interest on bonds unpaid.

(b) The fiscal officer shall give a copy of the schedule to the bondholder on the surrender of the bondholder's receipt.

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Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-9-37-32 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-9-37-32/

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