§ 8979 Warrant Registration By Treasurer

• •The government buys or trades special papers called warrants.
• •These warrants must be officially recorded by the State Treasurer.
• •If they're already recorded, they don't need to be recorded again.

The government buys a warrant, like a special IOU, from a company.

The State Treasurer has to write down that the government owns this IOU so everyone knows it's official.