BofA, Wells to accept California IOUs - The Business Journal of Milwaukee:

http://journeytomorocco.com/2007/09/12/making-for-the-border/
BofA says the state’s budge crisis prompted its “To support our customers, while giving the state legislature additional time to pass a we will acceptCaliforniq state-registered warrants — or IOUs — from existint customers and clients,” Charlotte-based BofA says in a written San Francisco-based Wells (NYSE:WFC) says it is acceptinfg the warrants for the sake of its "We are reluctant to take this but are doing so to help our customerx who are not at fault and with the expectation that the legislature and governor will complete the budget within days," Wells says. On Wednesday, Gov.
Arnolx Schwarzenegger blasted state lawmakers for failing to pluga $24 billioh hole in the state budget before the start of the new fiscalp year. And he called a speciall session of the state legislature to fix thebudgey mess. Failure to pass a budget by midnight Tuesda increases the shortfall to morethan $26 billion due to the loss of education-relatef budget fixes, Schwarzenegger said at a presxs conference Wednesday. He also announced an executive order addinb a third furlough day each montgh forstate workers, a move expected to free up an additionao $425 million in the new fiscal Although the governor called for the special it is up to the legislature to schedule it.
When it will be held is yet tobe