When there is sufficient money in the hands of the county treasurer applicable to the payment of any outstanding warrants which have not been presented for payment, the county treasurer may give notice by one publication in some newspaper of general circulation published in the principal county that there is money available to pay certain warrants, giving their numbers in the order of their registration, and stating that at midnight of the date of the publication the warrants mentioned shall cease to bear interest, and thereafter interest on such warrants shall cease.
Miscellaneous ProvisionsCalling Warrants
Section § 53320
This law says that when there is enough money available to pay off certain warrants (which are like IOUs) that haven't been cashed in yet, the county treasurer can announce this in the newspaper. The announcement will include the numbers of the warrants that can be paid. After the announcement is made, those specific warrants will stop earning interest starting at midnight of the day the notice is published.
county treasurer warrant payment interest cessation
