State Will Pay with IOUs (6/30/09)

The state controller's office says it will begin issuing IOUs on July 2 for the first time since 1992 if the governor and Legislature haven't come up with a budget fix.Many nonprofits with state contracts will be impacted. Details: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/30/BUT618FP50.DTL