LOS ANGELES -- Bank of America said last week that on Aug. 5 it will stop accepting the registered warrants, or IOUs, that California has been issuing to state workers during its current budget squeeze.

The action by the BankAmerica Corp. subsidiary, which underwrites many California state financings, could heighten pressure on state leaders to end their impasse over a fiscal 1993 budget, which was due July 1.

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