Payment of unpaid amount due; funds held by the state that would otherwise be distributable to the qualified taxing unit

Sec. 14. Upon the failure of a qualified taxing unit to make any of the qualified taxing unit's payments on a loan granted under this chapter when due, the treasurer of state, upon being notified of the failure by the board, may pay the unpaid amount that is due from the funds held by the state that would otherwise be distributable to the qualified taxing unit. As added by P.L.236-2023, SEC.43.