Sec. 11. Maximum contingent liability
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/bill/118/s/5078/is/section-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The maximum contingent liability of the Authority outstanding at any time may not exceed in the aggregate the applicable amount under subsection (b). For purposes of subsection (a), the applicable amount for the 5-year period beginning on the date of the enactment of this Act is $150,000,000,000. Not later than 5 years after the date of enactment of this Act, and not less frequently than once every 5 years thereafter, the Board shall adjust the amount specified in paragraph
(1)to reflect the percentage increase (if any) in the Consumer Price Index since the previous adjustment under this paragraph.