74.2 - ENDORSEMENT AND INTEREST.
74.2 ENDORSEMENT AND INTEREST.
If a warrant other than an anticipatory warrant is presented for
payment, and is not paid for want of funds, or is only partially
paid, the treasurer shall endorse the fact thereon, with the date of
presentation, and sign the endorsement, and thereafter the warrant or
the balance due thereon, shall bear interest at the rate specified in
section 74A.2.
An anticipatory warrant issued under the authority of section
74.1, subsection 1 shall bear interest at a rate determined by the
issuing governmental body, but not exceeding that permitted by
chapter 74A. Section History: Early Form
[C51, § 65, 153; R60, § 86, 361; C73, § 78, 328, 1748; C97, § 104,
483, 660, 2768; S13, § 104, 483; C24, 27, 31, § 135, 4318, 5160,
5645, 7496; C35, § 1171-f2; C39, § 1171.12; C46, 50, 54, 58, 62,
66, 71, 73, 75, 77, 79, 81, § 74.2]
Referred to in § 331.554