Section 29832 Of Article 2.3. Alternative Payment And Registration Procedure From California Government Code >> Division 3. >> Title 3. >> Chapter 5. >> Article 2.3.
29832
. Whenever the county auditor draws a warrant upon the
treasury in an amount in excess of the balance of the fund, the
county auditor shall present it to the treasurer for registration.
The treasurer shall endorse upon its back the date of presentation by
the county auditor, that it is not paid for lack of funds, and that
it bears interest at the rate fixed pursuant to law from the date of
the registration to and including the date of maturity or the date
upon which the treasurer first advertises that is redeemable upon
presentation if it bears no date of maturity. Warrants so endorsed by
the treasurer are registered warrants.