If you have a demand warrant that has been outstanding for a year or more, or a time warrant that is overdue by a year, the board must cancel it upon your request. They will issue a new warrant for the same amount as the original and a separate one for any interest owed. Alternatively, the board might process a claim for the interest and issue a warrant specifically for that amount.

Any warrants issued for interest under this law do not accumulate additional interest.

This law requires that when the board issues a new interest warrant, they must record on the back of the old warrant that interest has been paid up to the date of the new warrant's issuance.

This law requires that an interest warrant must specify that it is issued for interest on a specific warrant and include the date range.

This rule says that when the board issues an interest warrant—essentially a payment for interest—they must inform the county treasurer. The treasurer then records in his warrant register that interest was paid on the specific warrant that prompted issuing the interest warrant.

If you have a demand warrant (a type of financial obligation) that hasn't been paid or reissued within four years from its date, or a time warrant that's unpaid four years after its due date, you can request an extension. This allows the warrant to be extended for another four years. Such a request must be made to the board, which will endorse the extension on the warrant.

In this section, the law allows the board and county treasurer to cancel warrants that haven't been paid, reissued, or extended within four years. This applies to both demand and time warrants. Simply put, if these types of financial instruments aren't dealt with in some way within four years, they can be officially canceled.