All posts by Luis J. Valentín Ortiz

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  Puerto Rico fiscal board calls for changes to municipal emergency funding bill

  Commonwealth government says it will implement changes to bill to ensure municipalities have access to liquidity 'as soon as possible'

  • Posted January 12, 2018
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  Puerto Rico fiscal board postpones fiscal plans’ delivery deadline to Jan. 24

  Commonwealth government assured earlier it was ready to deliver its fiscal plan by the Jan. 10 deadline

  • Posted January 10, 2018
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  Puerto Rico general fund to provide liquidity to electric, water utilities

  Gov. Rosselló announces bill to allow central gov't to lend money to cash-strapped public corporations until federal loans are disbursed

  • Posted January 10, 2018
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  Puerto Rico creditors ask court for access to data used for fiscal plans

  Allege gov't keeps information, documents related to their preparation in the dark

  • Posted January 9, 2018
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  Puerto Rico gov’t: Disbursement of Community Disaster Loans ‘very close’

  La Fortaleza, moreover, says commonwealth's central government isn't facing immediate insolvency, but warns it needs immediate access to liquidity

  • Posted December 27, 2017
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  Millions in fees add up in first 5 months of Puerto Rico’s bankruptcy

  With rates mostly ranging from $300 to $1,300 per hour, the cost for the commonwealth coffers in lawyers and consultants working the Title III cases surpasses $77 million, as of Sept. 30

  • Posted December 18, 2017
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  Puerto Rico gov’t identifies over $6B in hundreds of bank accounts

  Financial control board announces it will conduct an investigation over the source, use and restrictions of the funds

  • Posted December 18, 2017
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  Puerto Rico governor to try to prevent passage of federal tax reform

  Rosselló warns enactment would severely affect fiscal plan

  • Posted December 15, 2017
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  New York Gov. Cuomo calls US treatment of Puerto Rico unfortunate

  Puerto Rico Gov. Rosselló meets with Cuomo, who backs his tax reform, long-term reconstruction fund requests

  • Posted December 11, 2017
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  US Government supports Promesa, fiscal board in court filing

  Justice Department asks Judge Swain to confirm constitutionality of Promesa and fiscal board member appointments

  • Posted December 7, 2017