State to stop issuing IOUs on Sept. 4

sfgate.com
Aug. 13, 2009
California can finally stop issuing IOUs on Sept. 4 and end a "shameful chapter in the state's history," state Controller John Chiang said Thursday. Chiang made the announcement after spending more than two weeks analyzing a budget deal signed July 28 by...
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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.