News and Views for the California Enterprise Zones » registered warrant http://canditax.com/blog From the tax credit experts Mon, 16 Sep 2013 18:26:58 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 The Last of the California IOUs (for now) Issued Today http://canditax.com/blog/?p=499 http://canditax.com/blog/?p=499#comments Fri, 04 Sep 2009 03:24:24 +0000 admin http://blog.canditax.com/?p=499 From the Sacramento Bee:

IOUs take last ride
The state controller’s office announced this afternoon it sent out its last IOU — at least for now.

Hallye Jordan, spokeswoman for Controller John Chiang, said the lucky (?) recipient of the formally titled “registered warrant” was Yellow Cab of Sacramento. Jordan said the warrant was issued for an account with the cab company by an unidentified state agency.

The good news is that the IOU can be redeemed starting Friday.

California was forced to start paying vendors, counties and others with rubber checks in July, because of a severe cash flow shortage. The issuance marked only the second time since the Great Depression that warrants were used. (The other time was 1991.)

The IOUs totaled 449,241, worth $2,601,894,756.26.

Not including tip.

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