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Indiana Code Title 36. Local Government § 36-9-37-43

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

Sec. 43. (a) A warrant or check shall be canceled on December 31 of a year if the warrant or check:

(1) is for:

(A) the payment of principal or interest on bonds;

(B) the payment of nonwaivered funds to contractors for public improvements;  or

(C) damages sustained by a property owner on account of the operation of the public improvement assessment laws;  and

(2) has been written and not cashed for a period of at least two (2) years.

(b) The proceeds of the canceled warrants or checks shall be credited to the funds on which the warrants or checks were originally drawn.  If the funds on which the checks or warrants were originally drawn cannot be determined, the proceeds shall be credited to the following:

(1) The surplus Barrett Law account if the warrants or checks were drawn on waivered accounts.

(2) The nonwaivered account if the proceeds were drawn on the nonwaivered account.

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Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-9-37-43 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-9-37-43/

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