The Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) authorized the disbursement of $21.2 million of the excess of the Sales and Use Tax Redemption Fund (SUT, in Spanish) to 40 towns. AAFAF Executive Director Omar Marrero said the excesses identified from the SUT Redemption Fund available to municipalities may be disbursed to cover, […]
The Fiscal Agency and Financial Advisory Authority, or AAFAF, released a Request for Proposals to select an administrator for what it is calling the Broadband Infrastructure Fund, to expand the service into Puerto Rico’s rural areas. The government will allocate $400 million during Fiscal 2021 to support expansion efforts in unserved and underserved areas and […]
The Fiscal Agency and Financial Advisory Authority, or AAFAF, announced the completion of the 2020 edition of its José M. Berrocal summer internship program, Executive Director Omar Marrero confirmed. He said that, through this internship, the agency sought to promote the research and professional development of the participants in the areas of public finance, accounting, […]
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