If any warrant issued under this chapter is not paid when presented to the treasurer of the district because of lack of funds in the treasury, such fact shall be endorsed on the back of such warrant, and such warrant shall draw interest thereafter at a rate not exceeding 6 percent per annum, until such time as there is money on hand to pay the amount of such warrant and the interest then accumulated; but no interest shall be allowed on warrants after notice to the holder or holders thereof that sufficient funds are in the treasury to pay said endorsed warrants and interest.
Fla. Stat. § 373.586
Unpaid warrants to draw interest
Known as the Surface Water Improvement and Management Act
The act spans §§ 373.012 to 373.813 (247 sections).
History.--s. 42, ch. 25209, 1949; s. 25, ch. 73-190; s. 116, ch. 77-104
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.