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Treasurer Torsella Authorizes $700 Million Line of Credit to General Fund

Harrisburg, PA – Pennsylvania Treasurer Joe Torsella issued a statement today announcing the authorization of a short-term, five-day $700 million line of credit from Treasury’s Short Term Investment Pool (STIP) to the Commonwealth’s General Fund to be paid back on or before October 20. Without this line of credit, the Commonwealth would not have been able to make scheduled payments to Medicaid providers.