This law section specifies that its rules only apply to two types of warrants: those that can be paid immediately (demand warrants), and those issued to reflect debt permitted before the first district's taxes are collected.

If a district warrant is brought to the treasurer and there aren't enough funds to pay it, the warrant will start to earn interest. The interest rate is set by the board but can't be more than 8% per year. The interest continues until the public is informed that there are enough funds to pay the warrant.

If you present a warrant (a kind of financial instrument) for payment and there isn't enough money to cover it, the treasurer has to write on it that there are no available funds. They must also note the date it was presented, the interest rate that will apply from then on, and add their signature.

This law states that when a warrant is endorsed, it becomes a registered warrant.

The law requires the treasurer to maintain a detailed record for each registered warrant. This includes the warrant's number and amount, the date it was issued, the person it was issued to, and when it was presented for payment.

This law states that when there is enough money in the treasury to pay off all registered warrants, or when the board decides to pay off warrants dated before a specific time and there is enough money to do so, the treasurer must inform people about it.

This section requires that a notice be issued by the treasurer indicating readiness to pay registered warrants, or warrants presented before a specified date set by the board. The notice does not need to describe the warrants in detail.

This law requires that a notice is made public by being published in a newspaper within the district. If no newspaper exists in the district, the notice should be published in any newspaper in the affected county. If there isn't one there either, the notice should be posted clearly at the district office.

When a notice is first published or posted, any warrants mentioned in that notice will stop earning interest.

This law section explains that when a warrant (a type of financial document or authorization) is presented for payment, the treasurer must pay the amount of the warrant plus any interest owed. The interest is calculated from when the warrant was first presented until the notice was first published or posted.

This law requires the treasurer to keep a detailed record of all registered warrants. The record must include the dates when the warrants are paid, the names of the people receiving the payments, and how much each person is paid.

This law states that if you want to legally enforce the payment of a registered warrant or make someone levy an assessment for it, you must start the legal process within four years from when the warrant was first presented for payment to the treasurer.

This law allows a district to work out an agreement with those holding its registered warrants to specify how and when these warrants will be paid. The district can decide on payment timing, methods, and which funds to use. They can also choose to give extra time before starting any legal action regarding the warrants.

This law allows certain districts in California to borrow money on a temporary basis for specific purposes like maintenance, repairs, and dealing with emergencies caused by natural disasters or other events. The district can issue notes, which are essentially promises to pay back the money with interest, and these notes can be sold to raise funds. These notes can either be paid back from the district's revenue or future bond sales.

There are restrictions on how much money can be borrowed; the total can't exceed $25 million or 25% of the district's revenue, whichever is higher when using district revenue. If using future bond sales, the limit is still $25 million. The interest rates on these notes shouldn't exceed 17% per year, and the notes need to be paid back within seven years. The district can also use bank credits as an additional repayment source. This borrowed money can be legally invested by various state funds and financial institutions.

This section allows certain districts to issue financial instruments like notes to fund electric power projects, as long as voters have already approved bonds for these projects. However, these funds can't be used for work on the Tuolumne River above the New Don Pedro Reservoir. The money can only be used for what voters approved, and the total amount of these financial instruments can't exceed the voter-approved limits. A previous restriction on outstanding notes doesn't apply to debt issued under this section.