California IOUs

ANDERSON’S IOU BILL PASSES ASSEMBLY UNANIMOUSLY; SENATE MUST ACT BY FRIDAY BEFORE LEGISLATURE ADJOURNS

 

September 8, 2009 (Sacramento) – AB 1506, authored by Assemblyman Joel Anderson (R-Alpine) has passed the Assembly by a unanimous vote. The measure would require the state of California to accept its own IOUs as payment for taxes or fees.

 

ANDERSON IOU BILL CLEARS COMMITTEE

 

September 1, 2009 (Sacramento) – Residents, business owners, charities and other organizations from around the state flooded the office of Assemblyman Joel Anderson (R-Alpine) with over 1,500 letters in support of AB 1506. The bill, authored by Anderson, would require California to accept its own IOUs as payment for taxes or fees owed to the state.