§ 24-36-108 — Notice of payment - when interest ceases

Colorado § 24-36-108

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Department of the Treasury

Text

(1) The treasury
department shall maintain a record of the number and amount of each warrant and
each check presented for payment and endorsed by the state treasurer as provided
in section 24-36-107. Whenever there are sufficient moneys in the state treasury to
pay part or all of such endorsed warrants and checks, the state treasurer shall give
notice of the date of payment of the same through publication, twice, in some
newspaper published in Denver, listing the numbers and amounts of the warrants
and checks that he or she is prepared to pay on said date. Interest on the warrants
and checks so listed shall cease at the expiration of fifteen days from the last date
of publication of said notice.

(2) The state treasurer is authorized to pay interest on any such warrant and
any such check at the rate endorsed thereon out of any moneys in the state
treasury to the credit of the general fund or such other fund out of which the
warrant or check is payable and to charge the amount of interest so paid to such
fund.

(3) Interest paid on any such warrant or any such check shall be receipted
for thereon by the payee or assignee thereof.

Legislative History

Source: L. 71: R&RE, p. 97, � 1. C.R.S. 1963: � 3-6-8. L. 2014: Entire section amended, (HB 14-1391), ch. 328, p. 1453, � 11, effective June 5.