LOS ANGELES - Gov. Pete Wilson of California has vetoed a bill designed to allow the state treasurer to restructure $135 million of general obligation bond principal payments, saying the measure represents a deficit rollover."

The governor said in his veto message Tuesday that the bill would allow the state treasurer, Kathleen Brown, to "issue debt in order to delay debt payments" due Oct. 1 on about $4.3 billion of GO bonds.

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