California issues last of its IOUs
Published: 03 Sep 2009 16:49:34 PSTSAN FRANCISCO, Sept 3 - California Controller John Chiang's office said on Thursday it had issued the last of its IOUs, which were intended to allow the state government to preserve its dwindling cash during its recent budget crisis.
The office said that since July 2 it had issued 449,241 IOUs, technically registered warrants promising payments, worth $2.6 billion.
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