Ind. Code § 4-7-1-6
Whenever any officer or other person has received moneys belonging to the state, or has been entrusted with the collection, management or disbursement of any moneys, funds or interest accruing therefrom, belonging to or held in trust by the state, and shall fail to render an account thereof to, and make settlement with, the state comptroller, within the time prescribed by law, or where no particular time is prescribed, shall fail to render such account and make settlement, upon being required so to do by the state comptroller, within ten (10) days after such requisition, the state comptroller shall state an account against such officer or person, charging ten percent (10%) damages, and interest at the rate of six percent (6%) per annum from the time of failing to render an account and settle as aforesaid.
IC 4-7-1-6