§ 9402 Bond Payment Certification Reports

• •The State Treasurer must give a report when asked about bonds and interest payments.
• •The report shows which bonds and interest payments were paid and which were not paid because there wasn't enough money.
• •The report also includes the date when the unpaid bonds or interest were presented for payment.

Imagine you have a savings account, and the bank is supposed to pay you interest every month. Sometimes, the bank might not have enough money to pay you.

In this case, the State Treasurer has to make a list showing which interest payments were made and which ones couldn't be paid because the state didn't have enough money. They also have to say when people tried to get their money.