UNPAID WARRANTS INTEREST RECORD. (1) All warrants drawn upon funds the balance in which the balance is insufficient to pay them must be turned over reported to the state treasurer by the state controller. All of such warrants shall be registered by the state treasurer as follows: he shall date and sign such warrants on the back thereof underneath the words "Presented for payment and not paid for want of moneys" the report and return the same to the state controller for delivery to who shall notify the respective payees. It is the duty of the state treasurer to keep a register report of all warrants not paid for want of moneys, in which register report such warrants shall be listed in numerical order, and when paid the treasurer shall note on such register the amount of interest paid and the date of payment. Any such warrants, registered by the state treasurer, shall from date of registration until paid bear interest at a rate to be fixed by the state treasurer.