If the district treasurer does not have sufficient money on hand to pay any warrant when it is presented for payment, the district treasurer shall endorse on the warrant "Not paid for want of funds," the date, and the treasurer's signature. From the time of presentation until paid, the warrant shall draw interest at a rate to be negotiated by the parties.
S.D. Codified Laws § 46A-6-48
Insufficient funds for payment of warrants--Endorsement of district treasurer--Interest
Source: SDC 1939, § 61.0920; SDCL § 46-14-47; SL 1983, ch 28, § 56; SL 2011, ch 165, § 413.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.