Sec. 44. (a) If: (1) a municipality purchased under threat of condemnation real property upon which there were any unpaid Barrett Law assessments; and (2) because of the purchase the vendor paid, under protest, the interest on the Barrett Law assessment for a period of ten (10) years in advance; the vendor is entitled to a reimbursement for the interest paid in advance, less the interest for one (1) year. (b) The vendor must present and prove a claim for the interest to the municipal fiscal officer. The reimbursement under this section shall be paid out of the surplus Barrett Law account of the municipality.
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