IC 5-11-10.5
    Chapter 10.5. Disposition of Warrants and Checks

IC 5-11-10.5-1
"Political subdivision" defined
    Sec. 1. As used in this chapter:
    "Political subdivision" means county, township, city, town, schoolcorporation, library district, fire protection district, publictransportation corporation, local hospital authority or corporation,local airport authority district, special service district, special taxingdistrict, or other separate local governmental entity that may sue andbe sued.
As added by Acts 1980, P.L.8, SEC.47.

IC 5-11-10.5-2
Outstanding unpaid warrants or checks void
    Sec. 2. All warrants or checks drawn upon public funds of apolitical subdivision that are outstanding and unpaid for a period oftwo (2) or more years as of the last day of December of each year arevoid. No individual, bank, trust company, building and loanassociation, or any other financial institution may honor, cash, oraccept for payment or deposit any such warrant or check which maybe presented for payment and which has been issued and outstandingfor a period of two (2) or more years as of the last day of Decemberof any year.
As added by Acts 1980, P.L.8, SEC.47. Amended by P.L.64-1999,SEC.1.

IC 5-11-10.5-3
List of outstanding warrants or checks
    Sec. 3. Not later than March 1 of each year, the treasurer of eachpolitical subdivision shall prepare or cause to be prepared a list intriplicate of all warrants or checks that have been outstanding for aperiod of two (2) or more years as of December 31 of the precedingyear. The original copy of each list shall be filed with the:
        (1) board of finance of a political subdivision; or
        (2) fiscal body of a city or town.
The duplicate copy shall be transmitted to the disbursing officer ofthe political subdivision. The triplicate copy of each list shall be filedin the office of the treasurer of the political subdivision. If thetreasurer serves also as the disbursing officer of the politicalsubdivision, only two (2) copies of each list need be prepared orcaused to be prepared by the treasurer.
As added by Acts 1980, P.L.8, SEC.47. Amended by P.L.35-1999,SEC.2.

IC 5-11-10.5-4
Content of list
    Sec. 4. Each list prepared under section 3 of this chapter mustshow:        (1) the date of issue of each warrant or check;
        (2) the fund upon which the warrant or check was originallydrawn;
        (3) the name of the payee;
        (4) the amount of each warrant or check issued; and
        (5) the total amount represented by the warrants or checks listedfor each fund.
As added by Acts 1980, P.L.8, SEC.47.

IC 5-11-10.5-5
Procedure upon receipt of list
    Sec. 5. (a) Upon the preparation and transmission of the copies ofthe list of the outstanding warrants or checks, the treasurer of thepolitical subdivision shall enter the amounts so listed as a receipt intothe fund or funds from which they were originally drawn and shallalso remove the warrants or checks from the record of outstandingwarrants or checks.
    (b) If the disbursing officer does not serve also as treasurer of thepolitical subdivision, the disbursing officer shall also enter theamounts so listed as a receipt into the fund or funds from which thewarrants or checks were originally drawn. If the fund from which thewarrant or check was originally drawn is not in existence, or cannotbe ascertained, the amount of the outstanding warrant or check shallbe receipted into the general fund of the political subdivision.
As added by Acts 1980, P.L.8, SEC.47.

IC 5-11-10.5-6
Repealed
    (Repealed by P.L.64-1999, SEC.2.)

IC 5-11-10.5-7
Agreements to pay for assistance in recovering outstanding andunpaid check or warrant
    Sec. 7. (a) This section applies to a warrant or a check drawn fromthe public funds of a political subdivision, if the check or warrant isoutstanding and unpaid, but is not determined to be unclaimedproperty under IC 32-34-1.
    (b) An agreement for which the primary purpose is to paycompensation to locate, deliver, recover, or assist in the recovery ofa check or warrant described in subsection (a) is valid only if:
        (1) the fee or compensation agreed upon is not more than tenpercent (10%) of the amount collected unless the amountcollected is fifty dollars ($50) or less;
        (2) the agreement is in writing;
        (3) the agreement is signed by the apparent owner; and
        (4) the agreement clearly sets forth:
            (A) the nature and value of the property; and
            (B) the value of the apparent owner's share after the fee orcompensation has been deducted.
    (c) This section does not prevent an owner from asserting at any

time that an agreement to locate property is otherwise invalid.
As added by P.L.127-2000, SEC.2. Amended by P.L.2-2002, SEC.33.