Thursday, October 19, 2017

Puerto Rico fiscal board issues statement ahead of Hurricane María

By on September 19, 2017

SAN JUAN – The Financial Oversight and Management Board for Puerto Rico, created by Congress under the Puerto Rico Oversight, Management and Economic Stability Act (Promesa), released a statement Tuesday, hours before Hurricane María closed in on the island.

“Two weeks ago, Hurricane Irma caused extensive damage to Puerto Rico, and this week, Hurricane María threatens even more destruction. The Board is deeply concerned about the impacts to Puerto Rico and hopes that the Island’s residents are able to ride out the storm safely. Our prayers are with the people of Puerto Rico, and we urge everyone to heed the government’s warnings and instructions,” Chairman José Carrión said in the board’s release.

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“We remain steady in our commitment to assist with reconstruction efforts following the storm. As in the case with Hurricane Irma, we are prepared to activate our Title V authority under PROMESA to accelerate critical post-disaster reconstruction projects as needed,” added Carrión, who will remain on the island during the passing of the storm.

“Thank you for your prayers,” Gov. Ricardo Rosselló said after the statement was released.

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