A public servant who knowingly or intentionally fails to deposit public funds (as defined in IC 5-13-4-20 ) not later than one (1) business day following the receipt of the funds, in a depository in the name of the state or political subdivision by the public servant having control of the funds, commits a violation of the depository rule, a Class A misdemeanor. However, the offense is a Level 6 felony if the amount involved is at least seven hundred fifty dollars ($750), and a Level 5 felony if the amount involved is at least fifty thousand dollars ($50,000).

As added by P.L.126-2012, SEC.55. Amended by P.L.158-2013, SEC.520.