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SCS/SB 495 - Currently, the unpaid principal amount of outstanding credit instruments, combined with the unpaid principal amount of any financing agreement authorized and issued by the Board of Unemployment Fund Financing shall not exceed $450 million at any one time. This act removes this provision. Similarly, the current total amount of outstanding obligations under all financial agreements entered into by the board shall not exceed the difference of $450 million and the principal amount of outstanding credit instruments. This provision is also removed. CHRIS HOGERTY
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