All state warrants shall draw interest after presentation for payment at the office of the state treasurer and endorsement by that officer as "not paid for want of funds," at a rate to be negotiated by the parties.

Source: RPolC 1903, § 2247; SL 1909, ch 120 ; RC 1919, § 6970; SDC 1939, § 55.2503; SL 1983, ch 28 , § 2.