The way this is designed is that the loans are structured between the risk catastrophe fund and the Treasury under terms and conditions that are acceptable to the Treasury. Now, if there is a default under those terms and conditions, it's already clear in our bill that the Treasury will not lend under any future natural disaster, if that's what you are concerned about, and I think it says here. It's already part of the bill, and I think that answers the question.
Ron Klein: “The way this is designed is that the loans are structured between the risk catastrophe fund and the Treasury under terms…”
Editor's note · Context
Discussing the structure of loans related to the risk catastrophe fund and Treasury in a legislative bill.
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