BILL NUMBER:  AB 1044
  VETOED	DATE: 10/09/2011




To the Members of the California State Assembly:

I am returning Assembly Bill 1044 without my signature.

This measure would require the Board of Equalization to accept
registered warrants (IOUs) as payment for any tax, surcharge, or fee
liability.  In the unlikely event that the state is forced to issue
IOUs in the future due to an unforeseen emergency cash crisis, this
measure would undermine the state's ability to make debt service and
other high priority payments.  While it may be unfair to expect
recipients of IOUs to pay their obligations to the state while the
state is unable to meet its own obligations, I am unwilling to tie
the hands of future administrations should such an emergency arise.

Sincerely,



Edmund G. Brown Jr.