Sec. 5. A school corporation receiving an advance shall notify the school corporation or state comptroller from which the school corporation receives transfer tuition under IC 20-26-11 for students described in IC 20-26-11-8 (a) or IC 20-26-11-8 (b) of the amount of interest withheld under section 4 of this chapter. The school corporation or state comptroller shall reimburse the school corporation for the interest expense at the same time the transfer tuition is paid. [Pre-2006 Recodification Citation: 21-1-5.1-4.]
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