The Financial Oversight and Management Board for Puerto Rico announced Wednesday it will begin accepting proposals for projects that address critical infrastructure needs under Title V of the Puerto Rico Oversight, Management and Economic Stability Act.
Troubled by reports of more than $30 million in expenses after one year of operations, U.S. Reps. José Serrano and Nydia Velázquez sent a letter to the Financial Oversight and Management Board for Puerto Rico expressing concerns over the lack of transparency and independent supervision related to its spending decisions.
The Financial Oversight and Management Board for Puerto Rico issued a request for proposals (“RFP”) from parties interested to be retained as an independent investigation team to probe Puerto Rico’s debt and its connection to the current fiscal crisis.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
