Sec. 15. (a) All payments of principal or interest must be paid to the county treasurer. The: (1) county treasurer shall file a receipt with the county auditor; and (2) county auditor shall give the payor a receipt and record the payment. (b) The county auditor may accept payment of principal or interest if the county auditor can immediately transmit and pay the payment to the county treasurer. [Pre-2006 Recodification Citation: 21-1-7-13.] IC 20-42-2 Chapter 2. County Administration of Congressional Township School Fund 20-42-2-1 Application 20-42-2-2 "Fund" 20-42-2-3 Sources of fund 20-42-2-4 Prohibition on reducing principal of fund 20-42-2-4.5 Transfer of custody of fund balance to state 20-42-2-5 County liability for fund 20-42-2-6 Deposit of interest in fund 20-42-2-7 Annual distribution of balance to school corporations 20-42-2-8 Report to secretary of education 20-42-2-9 Distributions proportional to balance deposited in fund from township 20-42-2-10 Loans; required interest rate 20-42-2-11 Minimum balance; loans; maximum term 20-42-2-12 Form of loan agreement 20-42-2-13 Distribution of loaned amount from fund 20-42-2-14 Investments 20-42-2-15 Receipts for payment of principal or interest on loan
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