SECTIONS 17070-17073
GOVERNMENT CODE
SECTION 17070-17073
SECTION 17070-17073
17070. Whenever any warrant issued by the Controller is unpaid forone year after it becomes payable, sufficient unapplied moneys havingbeen available for the payment of the warrant and for the payment ofall senior obligations, the Controller shall cancel it.17070.1. Any warrant issued prior to January 1, 1998, shall begoverned by the law effective on the date of issue of the warrant.Any warrant issued on or after January 1, 1998, shall be governed bythe one-year period of negotiability specified in Section 17070.17071. The Controller and Treasurer shall each keep a register ofall canceled warrants. The register shall show the number, date, andamount of each warrant, the fund out of which it was payable, and thedate of cancellation.17072. The face amount of each warrant canceled under this articleshall revert and be credited by the Controller to the fund againstwhich the warrant was drawn. Amounts reverted to the Special Deposit Fund shall be credited toand augment the account, within the fund, against which the warrantwas originally drawn. If such account is an unclaimed money trustaccount, the reverted amount credited thereto shall be transferred bythe Controller to and in augmentation of the General Fund.17073. Warrants canceled under this article are void.