school districts issue post-dated warrants

Posted By: Burgess

school districts issue post-dated warrants - 11/07/17 03:12 PM

Arkansas law allows school districts to issue post-dated warrants for certain lease purchases.
Are there issues with a bank accepting these warrants if they do an applicable lease with a school district.
in otherwords accepting say 5 warrants to be cashed on a certain date each year for 5 years?