California · Water Code

WAT §8975: When, upon presentation to the State Treasurer, payment can not be made for want of funds the State Treasurer shall register the warrants as of the date of registration of the original warrant and the

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What this law says, in plain English

When the State Treasurer cannot pay a warrant due to insufficient funds, the Treasurer registers the warrant with the date of the original warrant's registration.

Read the full statutory text

When, upon presentation to the State Treasurer, payment can not be made for want of funds the State Treasurer shall register the warrants as of the date of registration of the original warrant and the substituted warrants shall bear interest from the original date of registration at the rate of 7 per cent per annum as provided in this chapter.

Verify at the official source: California legislative text

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