California · Water Code

WAT §8958: In case there are not sufficient funds applicable thereto for the payment of the warrants when presented to the State Treasurer, he shall indorse on the warrants the date of presentation and register

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What this law says, in plain English

When the State Treasurer lacks sufficient funds to pay presented warrants, the Treasurer must endorse the warrant with the presentation date and register it.

Read the full statutory text

In case there are not sufficient funds applicable thereto for the payment of the warrants when presented to the State Treasurer, he shall indorse on the warrants the date of presentation and register the same, and thereafter the warrants shall bear interest at the rate of 7 per cent per annum, and shall be paid in the order of their registration.

Verify at the official source: California legislative text

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