PREPA officially under Title III protection
July 3, 2017
Gov. Ricardo Rosselló on Sunday asked the Fiscal Oversight and Management Board for Puerto Rico to certify the filing of a petition for Puerto Rico Electric Power Authority to enter into Title III, to adjusts its debts to a sustainable level under court supervision.
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Oversight Board holding 8th open meeting June 30
June 28, 2017
The Financial Oversight and Management Board for Puerto Rico confirmed Tuesday it will hold its eighth Open Meeting — and fourth to be held in Puerto Rico — in San Juan on June 30 at 8:30 a.m.
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Lawmakers start hearings on proposed $9.5B budget
June 8, 2017
Members of the House and Senate Treasury Commissions began Wednesday public hearings on the proposed budget for the 2017-2018 fiscal year, which exceeds $9.5 billion, outlined in Joint House Resolutions 186 and 187.
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Assured Guaranty sues gov’t over PRHTA bonds
June 5, 2017
Assured Guaranty Ltd. Filed an adversary complaint challenging the Commonwealth of Puerto Rico’s “illegal diversion” of special revenue bond collateral that secures the payment of Puerto Rico Highways and Transportation Authority bonds.
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CIJ sues Oversight Board, Rosselló administration
June 2, 2017
The Center for Investigative Journalism (CIJ) filed at the U.S. District Court for Puerto Rico a lawsuit against the Financial Oversight and Management Board protected by the Constitution and the laws of Puerto Rico, which recognize access to information as a fundamental human and constitutional right.
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Jaresko urges manufacturers to ‘be part of the solution’
June 2, 2017
Financial Oversight and Management Board for Puerto Rico Executive Director Natalie A. Jaresko urged local manufacturers to be an “active part of the island’s turnaround."
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Oversight Board, UPR students discuss fiscal issues
May 25, 2017
The Financial Oversight and Management Board for Puerto Rico meet Wednesday with student representatives of the University of Puerto Rico’s 11 regional campuses, in addition to the Plastic Arts and Design Schools and the Puerto Rico Conservatory of Music, to discuss the public university system’s fiscal situation.
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Oversight Board certifies Highway, Retirement Title III’s
May 23, 2017
The Financial Oversight and Management Board for Puerto Rico announced Monday it approved, certified and filed in the U.S. District Court for the District of Puerto Rico voluntary petitions under Title III of the Puerto Rico Oversight, Management and Economic Stability Act for the Puerto Rico Highway and Transportation Authority and the Government of Puerto Rico Employees Retirement System.
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AEI panel debates P.R. fiscal crisis in Washington
May 5, 2017
WASHINGTON — A group of economists meeting in Washington debated Puerto Rico’s fiscal future Wednesday, the day after a deadline for the Commonwealth to negotiate a payment plan with its debtholders expired, and just as Puerto Rico Gov. Ricardo Rosselló filed for a type of bankruptcy protection under PROMESA.
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Oversight Board certifies fiscal plans for 4 P.R. agencies
May 1, 2017
The Financial Oversight and Management Board for Puerto Rico on Friday approved and certified the fiscal plans of four covered territorial agencies: the Government Development Bank; Puerto Rico Highways and Transportation Authority; Puerto Rico Aqueduct and Sewer Authority; and Puerto Rico Electric Power Authority, with amendments.
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Oversight Board to hold 7th open meeting in NY Friday
April 26, 2017
The Financial Oversight and Management Board for Puerto Rico confirmed Tuesday it will hold its seventh public meeting in New York City on April 28, 2017 at 8:30 a.m.
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Oversight Board issues RFP for CPA firm
April 12, 2017
The Financial Oversight and Management Board for Puerto Ricoissued Tuesday a request for proposals for qualified and experienced certified public accounting firms interested in providing audit services for the federally appointed body in the future.
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Oversight Board to discuss P.R.’s economic development
March 31, 2017
The Oversight Board’s sixth public meeting taking place today at the Puerto Rico Convention Center will focus entirely on the topic of Puerto Rico’s economic development, the federally appointed body announced Thursday.
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Oversight Board names Natalie Jaresko as exec. director
March 24, 2017
The Financial Oversight and Management Board for Puerto Rico announced Thursday the appointment of Natalie Jaresko, a renowned finance and economics expert, as its new executive director.
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Ample reactions after Oversight Board OKs fiscal plan
March 14, 2017
Representatives from a cross-section of the economy expressed their opinions Monday in the wake of the the Financial Oversight and Management Board for Puerto Rico approval of the fiscal plan the island’s government must follow to shore up liquidity and fund essential services.
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