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The state of emergency effectively suspends regulations and allows the government to reprogram funds to address cash, procurement, and hiring crises at CUC.
The CUC was first placed under emergency status on Aug. 1, 2008; that was lifted only on March 28, 2011.
The latest emergency declaration for CUC was announced last May 18 and was renewed a month later, making Inos' latest declaration the second for the embattled utilities firm.
Aside from the CUC, the Executive Branch also placed under a state of emergency the NMI Retirement Fund and the Commonwealth Healthcare Corp.
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