P.R. gov’t agencies adopt changes to improve emergency response ahead of Dorian
August 27, 2019
Puerto Rico Gov. Wanda Vázquez-Garced announced a number of measures that government agencies have taken to face the looming threat from Tropical Storm Dorian, which is expected to pass near Puerto Rico as a hurricane later this week. During a news conference at the Emergency and Disaster Management Bureau, Vázquez-Garced said plans have undergone “significant […]
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Oversight Board assigns $5.3M to expand Fajardo Municipal Landfill
August 26, 2019
The Financial Oversight and Management Board for Puerto Rico announced that it designated the $5.3 million expansion of the Fajardo Municipal Landfill as a critical project under Title V of PROMESA. The landfill serves as the primary municipal and commercial disposal site for the north-eastern region of Puerto Rico, serving nine municipalities. It operates in […]
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Gov’t unveils list of allowed commercial activities for P.R.’s Opportunity Zones
August 22, 2019
The Opportunity Zones Priority Projects Committee has established a list of qualified commercial activities by geographical area for the development of priority projects, pursuant to Law 60-2019, as the government revealed. Committee Chair and the government’s CFO, Omar J. Marrero, said this ordinary process is “an important step toward facilitating this investment mechanism and reinforcing […]
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U.S. Dept. of Labor probe recovers $1.4M in back wages for 1,853 P.R. workers
August 21, 2019
Following a U.S. Department of Labor Wage and Hour Division (WHD) investigation, Xperts Inc. — a San Juan-based disaster response contractor — has paid $1,341,829 in back wages to 1,853 employees to resolve violations to several agency regulations. The federal agency announced it found breaches to the McNamara-O’Hara Service Contract Act (SCA), the Contract Work […]
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Resident Commissioner pursues equality in Medicare Part D for P.R.
August 21, 2019
Puerto Rico’s Resident Commissioner in Washington, Jenniffer González introduced the Territories Medicare Prescription Drug Assistance Equality Act, a bipartisan bill to make premium and cost-sharing subsidies available to low-income Medicare Part D beneficiaries who live in Puerto Rico and other U.S. territories. Medicare Part D is a voluntary outpatient prescription drug benefit for people with […]
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Ports Authority confirms P3 deal for cruise ship ports to be announced this month
August 21, 2019
The Puerto Rico Ports Authority will announce the companies chosen to enter into a public-private partnership to repair, design run and manage the cruise ship ports in the San Juan bay. Agency Executive Director Anthony Maceira confirmed the information after meeting with shipping agents and members of the of the Puerto Rico Shipowers Association to […]
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COR3 seeks contractors for debris removal, demolition of 15,495 properties in P.R.
August 20, 2019
The Central Office of Recovery, Reconstruction and Resiliency, known as COR3, has issued a request for proposal to implement a Private Property Debris Removal and Demolition program, to be funded by Federal Emergency Management Agency. “The debris removal and demolition process of a private structure that may pose a risk to the environment entails a […]
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P.R. gov’t seeks asset manager for PRIDCO-owned properties
August 16, 2019
The Puerto Rico Fiscal Agency and Financial Advisory Authority (known as AAFAF in Spanish) published a Request for Qualifications (RFQ) that seeks to identify qualified parties to manage properties owned by the Puerto Rico Industrial Development Company. The RFQ is meant to identify one or more qualified parties who manage properties, which include lands and […]
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PRASA completes restructuring of $1B in debt with 2 federal agencies
August 12, 2019
The government of Puerto Rico has reached an agreement with a pair of federal agencies to restructure some $1 billion in Puerto Rico Aqueduct and Sewer Authority debt. According to a press release PRASA and the Fiscal Agency and Financial Advisory Authority, or AAFAF, reached an understanding with the Environmental Protection Agency’s Clean Water and […]
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Rosselló signs legislation to authorize sports, eGames betting
July 30, 2019
Gov. Ricardo Rosselló signed the Puerto Rico Betting Commission Act, which for the first time authorizes betting on sporting events, electronic games and fantasy competitions on the island. This includes online bets that originate in Puerto Rico. “With the signing of this law, we prepare to witness the potential it provides to make Puerto Rico […]
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Economic Development disburses $3.5M from P.R.’s Energy Policy Program
July 29, 2019
The Department of Economic Development and Commerce disbursed $3.5 million to pay bonds and part of the incentives previously granted by the Green Energy Fund under its Public Energy Policy Program. “After several procedures with the Treasury Department, we began the disbursement of some $3,179,200 for incentives and other additional payments, which amount to $328,280 […]
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Treasury meets with Private Sector Coalition to unveil priority projects
July 29, 2019
Puerto Rico Treasury Secretary Francisco Parés recently met with representatives of the Private Sector Coalition to present 10 priority projects and reaffirm his commitment to the agency and with taxpayers. During the meeting, he discussed critical projects, the actions taken since his appointment and Treasury’s strategic plan, which emphasizes the transformation of the organizational culture […]
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FEMA to reinstate manual drawdown process for P.R. hurricane recovery funding
July 25, 2019
Citing the “ongoing leadership changes within the Puerto Rican government,” the Federal Emergency Management Agency announced its decision to reinstate the manual drawdown process for the Commonwealth of Puerto Rico as an additional step to protect the federal investment. Effective immediately, the Commonwealth must receive approval from the agency to drawdown grant funds for Hurricanes […]
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Rosselló resigns after corruption scandal, chat leak rocks administration
July 24, 2019
Embattled Gov. Ricardo Rosselló-Nevares is resigning, becoming the first governor in Puerto Rico’s history not to end his term and to leave office pressured by hundreds of thousands of island residents and members of his own New Progressive Party. However, his resignation will be effective Aug. 2, 2019, at 5 p.m. he said in a […]
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Oversight Board calls for swift resolution of P.R.’s governance crisis
July 24, 2019
The Financial Oversight and Management Board for Puerto Rico issued a statement calling for a swift resolution to the island’s current governance crisis so “Puerto Rico can move forward to rebuild trust and to focus government on those it is here to serve.” “The public outcry by residents of Puerto Rico over the last two […]
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