(A) Within one hundred twenty days after the last day on which the first installment of current taxes may be paid without penalty, the county treasurer of a county in which a county land reutilization corporation is organized under Chapter 1724. of the Revised Code, in the treasurer's sole discretion, may advance the payment of current year unpaid taxes that are due and payable to any of the taxing districts, upon presentation of the warrant by the county auditor. The treasurer may make advance payment of the current year unpaid taxes from one or more of the following:

1. (1) Collections of taxes and assessments during the one-hundred-twenty-day period;
2. (2) A line of credit established under section 307.781 or sections 135.341 and 321.36 of the Revised Code, or both;
3. (3) Proceeds from the issuance of notes under section 133.082 of the Revised Code;
4. (4) Any other source of funds lawfully available for that purpose.

(B) Within one hundred twenty days after the last day on which the second installment of current taxes may be paid without penalty, the county treasurer, in the treasurer's sole discretion, may advance the payment of current year delinquent taxes to any of the taxing districts, upon presentation of the warrant by the county auditor. The treasurer may make advance payment of the current year delinquent taxes from one or more of the following:

1. (1) Collections of taxes and assessments during the one-hundred-twenty-day period;
2. (2) A line of credit established under section 307.781 or sections 135.341 and 321.36 of the Revised Code, or both;
3. (3) Proceeds from the issuance of notes under section 133.082 of the Revised Code;
4. (4) Any other source of funds lawfully available for that purpose.

(D) As used in the section:

1. (1) "Current taxes" has the same meaning as in section 323.01 of the Revised Code.
2. (2) "Current year unpaid taxes" means the aggregate amount of the first installment of current taxes that remain unpaid after the last day on which the first installment of such taxes may be paid without penalty.
3. (3) "Current year delinquent taxes" means the aggregate amount of current taxes that remain unpaid after the last day on which the second installment of such taxes may be paid without penalty.