Sec. 2. At the time the county auditor of Knox County makes the county auditor's regular semiannual settlement with the proper fiduciary officer of Vincennes University for the proceeds of the special tax levy that may be then due Vincennes University under this chapter, the county auditor shall also forward to the auditor of state a certificate showing:
(1) the total valuation of the taxable property of Knox County;
(2) the special tax rate established by the county council for the support of Vincennes University for the current year; and
(3) the total amount paid on behalf of Knox County as public aid to Vincennes University at the semiannual settlement.
Semiannually upon receipt of the certificate, the auditor of state shall promptly draw and forward to Vincennes University a warrant on the treasurer of state in double the amount shown by the certificate of the Knox County auditor to have been paid as public aid to Vincennes University at the semiannual settlement. The warrant must be charged to and paid out of the state general fund.
[Pre-2007 Higher Education Recodification Citation: 23-13-17-2.]
As added by P.L.2-2007, SEC.382.
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