Upon request of the holder of any bond on which principal or interest has become due, the municipal fiscal officer shall do the following:

1. (1) Make a record of the following:

   1. (A) The maturity of the principal of the bond or interest on the bond.
   2. (B) The name and address of the holder.
2. (2) Notify the holder by mail immediately when money is available to pay the principal or interest.

As added by P.L.98-1993, SEC.8.