Arizona § 11-635 - Warrants, substitute checks and electronic funds transfers unpaid for lack of monies; interest; definitions
Full text of Arizona Arizona Revised Statutes § 11-635 — Warrants, substitute checks and electronic funds transfers unpaid for lack of monies; interest; definitions, with citation guidance and answers to common questions.
§ 11-635. Warrants, substitute checks and electronic funds transfers unpaid for lack of monies; interest; definitions
A. If a revolving line of credit has not been obtained for a political subdivision or if the revolving line of credit has been spent and if there are insufficient monies in the issuer's account, the county treasurer may invest in the warrant, substitute check or electronic funds transfer prescribed in section 35-323, subsection A, paragraph 7.
B. The county treasurer shall keep a register of warrants and substitute checks and a record of electronic funds transfers presented for payment.
C. If the county treasurer does not invest in the presented warrant, substitute check or electronic funds transfer, the county treasurer shall notify the servicing bank that the warrant or substitute check will not be paid for lack of monies and from that time until there are sufficient monies to pay the original warrant, the original warrant may not bear more than ten percent interest per year.
D. For the purposes of this section:
1. "Substitute check" has the same meaning prescribed in section 9-249.
2. "Warrant" has the same meaning prescribed in section 9-249 and includes a record from which an electronic funds transfer may be made.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 11-635
What does Arizona Revised Statutes § 11-635 cover?
Section 11-635 ("Warrants, substitute checks and electronic funds transfers unpaid for lack of monies; interest; definitions") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 11-635?
A common citation format is "Arizona Revised Statutes § 11-635" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 11-635 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.