The amounts due each political subdivision for each fiscal year shall be paid in the form of warrants payable to the treasurers of the respective political subdivisions by the department of revenue and finance according to the following schedule:
1. One-half of the amount due for a fiscal year shall be paid on December 15 of that fiscal year.
2. One-half of the amount due for a fiscal year shall be paid on March 15 of that fiscal year.
88 Acts, ch 1250, §9
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