Iowa Code 74A.2 – Unpaid warrants
Current as of: 2024 | Check for updates
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Terms Used In Iowa Code 74A.2
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Rule: includes "regulation". See Iowa Code 4.1
A warrant not paid upon presentation for want of funds bears interest on unpaid balances at the rate in effect at the time the warrant is first presented for payment, as established by rule pursuant to section 74A.6, subsection 2. This section does not apply to an obligation which by law bears interest from the time it is issued.