The principal and interest on the bonds shall be paid by the county treasurer, upon the warrant of the county auditor, out of the fund provided therefor.
Article 16Payment of Interest and Bonds
Section § 18570
This law explains that the principal and interest on certain bonds must be paid by the county treasurer. The payment is made using funds set aside for this purpose and is done upon the approval of the county auditor.
bonds payment county treasurer principal and interest county auditor warrant fund allocation debt service financial management treasury processes public finance interest payments audit approval bond fund county financial administration
Section § 18571
When bonds and coupons are paid off, the county auditor must cancel them and then file them with the county treasurer immediately to keep everything up-to-date and properly documented.
The county auditor shall cancel and file with the county treasurer the bonds and coupons as rapidly as they are paid.
county auditor county treasurer bonds cancellation coupons cancellation file bonds file coupons paid bonds record-keeping financial documentation audit process treasury management
