State officials overseeing the Florida Hurricane Catastrophe Fund decided Tuesday that for the time being they will not pursue selling debt or purchasing other financial products to bolster the Cat Fund’s claims-paying ability.

That’s largely because those products are too expensive and bond-issuing capacity has increased somewhat, Ash Williams, executive director of the State Board of Administration, told Gov. Charlie Crist and members of the state Cabinet that oversee the SBA and the Cat Fund. He also said the fund’s financial position had improved because some debt had been paid off.

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