Sec. 13. Upon the failure of an eligible county to make any of the eligible county's payments on a loan granted under this chapter when due, the treasurer of state, upon being notified of the failure by the board, may pay the unpaid amount that is due from the funds held by the state that would be otherwise distributable to the eligible county.
Ind. Code § 6-1.1-20.2-13
Treasurer of state payment of delinquent loan payments from eligible county funds held by state
As added by P.L.182-2009(ss), SEC.150.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.