CHAPTER 19. KNOX COUNTY TAX LEVY FOR VINCENNES UNIVERSITY

IC 36-1-19
    Chapter 19. Knox County Tax Levy for Vincennes University

IC 36-1-19-1
Levy by county council
    Sec. 1. The county council of Knox County may fix and establishannually the rate of a special tax levy to be imposed on the taxableproperty of Knox County, for the support of Vincennes University.This levy may not exceed in any year, three cents ($0.03) on eachone hundred dollars ($100) of the taxable property in Knox County.All revenue accruing from any tax levy imposed under this sectionshall be paid:
        (1) into the county treasury as a separate and distinct fund; and
        (2) to the proper fiduciary officer of Vincennes University onwarrant of the county auditor.
As added by P.L.2-2007, SEC.382.

IC 36-1-19-2
Payment by county; payment by state
    Sec. 2. At the time the county auditor of Knox County makes thecounty auditor's regular semiannual settlement with the properfiduciary officer of Vincennes University for the proceeds of thespecial tax levy that may be then due Vincennes University underthis chapter, the county auditor shall also forward to the auditor ofstate 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 thesupport of Vincennes University for the current year; and
        (3) the total amount paid on behalf of Knox County as publicaid to Vincennes University at the semiannual settlement.
Semiannually upon receipt of the certificate, the auditor of state shallpromptly draw and forward to Vincennes University a warrant on thetreasurer of state in double the amount shown by the certificate of theKnox County auditor to have been paid as public aid to VincennesUniversity at the semiannual settlement. The warrant must becharged to and paid out of the state general fund.
As added by P.L.2-2007, SEC.382.