The U.S. Department of Agriculture announced Monday the availability of $6.6 million for Puerto Rico water and waste infrastructure programs that will benefit several towns as well as the Roosevelt Roads Redevelopment Authority, which is getting the bulk of the assignment.
Members of the bipartisan Congressional Task Force on Economic Growth in Puerto Rico announced an extension of the deadline for submissions from stakeholders interested in submitting ideas to identify reforms needed to grow the island’s economy to Oct. 14.
President Obama’s designation of seven members of the Puerto Rico Fiscal Oversight Board, made in consultation with Republican and Democratic leadership in Congress, was met with support on Capitol Hill and beyond.
President Barack Obama announced Wednesday the appointment of seven individuals to the Financial Oversight and Management Board for Puerto Rico, including former Commonwealth administration officials.
The Puerto Rico Treasury Department said Monday General Fund net revenue collections for July, the first month of Fiscal 2017, totaled $665.1 million, a 6.2 percent, or $38.6 million, increase compared to July 2015, and $7.4 million above estimates.
The Puerto Rico Electric Power Authority announced Monday the extension of the AlixPartners’ contract to continue the ongoing progress on the comprehensive transformation and debt restructuring of the utility through Dec. 15, 2016, for $6.7 million in fees.
NEW YORK — Puerto Rico Gov. Alejandro García-Padilla confirmed Tuesday that his administration will have a new fiscal plan ready shortly after the federal fiscal oversight board is “appointed and operational.”
The Congressional Task Force on Economic Growth in Puerto Rico, which is responsible for identifying impediments to economic growth in the territory and recommending changes, announced Thursday it is seeking input from stakeholders.
The fate of the Puerto Rico Government Development Bank should not be liquidation, but rather a refocus to return to promoting growth on the island, Interim President Alberto Bacó said Monday, the day he took on the job of steering the former public fiscal agent.
Economic Development and Commerce Secretary Alberto Bacó will take on an additional role in Gov. Alejandro García-Padilla’s cabinet effective today, when he starts as acting President of the Government Development Bank.
The Puerto Rico Treasury Department collected some $9.1 billion in revenue for the General Fund during Fiscal 2016, exceeding Fiscal 2015 numbers by $214.4 million or 2.4 percent, agency Secretary Juan Zaragoza-Gómez said.
Puerto Rico’s Resident Commissioner in Washington, Pedro Pierluisi, said Tuesday that U.S. House Speaker Paul Ryan could name the lawmaker who will steer the work of the Puerto Rico Congressional Task Force this week.
U.S. House Democratic Leader Nancy Pelosi has appointed Puerto Rico Resident Commissioner Pedro Pierluisi to the “Congressional Task Force on Economic Growth in Puerto Rico,” which was established by the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA).
Puerto Rico Acting Gov. Víctor Suárez, signed House Bill 2864 into law Wednesday, creating the Puerto Rico Aqueduct and Sewer Authority Revitalization Act, a statute that gives the water utility the tools to access capital markets and achieve self-sustainability.
S&P Global Ratings lowered its ratings on the Puerto Rico Aqueduct & Sewer Authority's series 2008 and 2012 senior-lien revenue bonds two notches to 'CC' from 'CCC-'. The outlook is negative.
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