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47510000 Gain on Extinguishment of Debt

This account is limited for use by the Employment Security Unemployment Insurance fund or as authorized by OSC. This account includes the FUTA (Federal Unemployment Tax Act) tax credits received to pay back the Federal Unemployment Account (FUA) advances.  It is not valid for governmental funds. For proprietary fund accounting, this account is classified as a nonoperating revenue. For government-wide reporting for Annual Comprehensive Financial Report, this account and caption roll to Program revenues - Operating grants and contributions.