§ 8958 Warrant Payment Interest Rules

• •If the state doesn't have enough money to pay a warrant (like a check from the government) when you try to cash it, the Treasurer will write down the date you tried to cash it and put it in a list.
• •Once it's on the list, the warrant starts earning interest (extra money) at 7% per year.
• •The state will pay these warrants in the order they were registered, not when they were first issued.

Imagine you have a check from the government for $100, but when you try to cash it, the state says they don't have enough money right now.

The Treasurer will write the date on your check and add it to a list. Your $100 check will then start growing by $7 every year until the state has money to pay you. You'll get your money when the state gets to your check on the list.