raising the maximum amount of state guarantees in force.

This bill increases the state's maximum guarantee limit from $200 million to $500 million for the Business Finance Authority. It raises the total amount of state-backed financial guarantees (like loan assurances for businesses) that can be active at one time, effective March 1, 2026. The change directly affects the authority's ability to support business financing through state guarantees. This is a procedural adjustment to an existing financial limit, not a new program.