§ 19478 Unpaid Warrant Interest

• •If the government can't pay a bill (called a 'warrant') because there's no money, they write 'not paid for want of funds' on it with the date and sign it.
• •Once that happens, the government owes extra money (interest) at 6% per year until they can pay the bill.
• •The government must tell the person they owe money to when they can pay. They do this by mailing a letter to the address the person gave them.
• •The interest stops when the government sends this letter, not when the person gets it.

Imagine you fix the school's roof, and the school owes you $1,000. But the school says, 'We don’t have money right now.'

The school writes on your bill 'not paid for want of funds' and signs it. Now, they owe you extra money (6% interest per year) until they mail you a letter saying they have money to pay you. The extra money stops when they mail the letter, not when you get it.