Registered warrants are entitled to preference as to payment out of money in the fund properly applicable to the warrants according to the order in which they were issued. Upon receipt of money into the fund that is not otherwise appropriated, the treasurer shall set apart as much as is necessary for the redemption of the warrants.
(Added by Stats. 1992, Ch. 1191, Sec. 1. Effective September 30, 1992.)
Last modified: October 25, 2018