(1) the county treasurer has certified to the treasurer of state that:

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(B) the last of any bonds issued to refund the bonds referred to in clause (A);

have been completely paid or defeased as to both principal and interest; and

(2) the county fiscal body has made a determination to continue the tax to finance the acquisition, construction, and equipping of an arena and other facilities that serve or support the arena activities;

the amounts received from the taxes imposed under this chapter shall be paid monthly by the treasurer of state to the fiscal officer of the most populated municipality in the county upon warrants issued by the state comptroller. The fiscal officer shall deposit any amounts received under this section in the municipal arena fund.

As added by P.L.176-2009, SEC.14. Amended by P.L.9-2024, SEC.237.