Calif. to stop issuing IOUs s budget stabilizes

Aug. 13, 2009
The California controller says the state can stop issuing IOUs to vendors on Sept. 4, a month earlier than he expected. The decision came after meetings between Controller John Chiang, Treasurer Bill Lockyer and Gov. Arnold Schwarzenegger's financial...
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California set to create first IOUs

California set to create first IOUs

SACRAMENTO, July 2 (UPI) -- The California state controller's office is set to print 28,742 IOUs worth $53.3 million to deal with the state's budgetary problems, officials say.