(1) Whenever upon presentation for payment of any issued and outstanding warrant or any issued and outstanding check there are insufficient funds in the state treasury to pay the same, the state treasurer shall endorse thereon the following: "Presented for payment (insert date). Insufficient funds. This warrant or check shall draw interest from this date at the rate of six percent per annum." and shall return such warrant or check to the person presenting it for payment.
(2) Noninterest-bearing general fund warrants and checks lawfully issued pursuant to the provisions of section 24-75-208 are exempt from the provisions of this section.
Source: L. 71: R&RE, p. 97, § 1. C.R.S. 1963: § 3-6-7. L. 2014: Entire section amended, (HB 14-1391), ch. 328, p. 1453, § 10, effective June 5.