Sec. 3. On or before June 20 and December 20 of each year, after completing an audit of the county treasurer's monthly reports required by IC 36-2-10-16 , the county auditor shall distribute to the state comptroller two dollars and fifty cents ($2.50) of the mortgage recording fee collected under IC 36-2-7-10 (c)(2) for each mortgage recorded by the county recorder. The state comptroller shall deposit the money in the state general fund to be distributed as described in section 4 of this chapter.
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