Puerto Rico Sales Tax Financing Corp.’s debt exchange put into effect
SAN JUAN – As previously reported, the plan of adjustment of the Puerto Rico Sales Tax Financing Corp. (Cofina by its Spanish acronym) that was confirmed in federal court Feb. 5, came into effect Wednesday, with the issuance of about $12 billion of new sales tax revenue bonds.
The island’s financial oversight board also officially announced that it unanimously certified Monday, Feb. 11, the fiscal year 2019 budget for Cofina, which “includes funds to cover COFINA’s past and future operating expenses.”
See the Cofina compliance certification and budget delivered to Gov. Ricardo Rosselló.
Cofina debt adjustment plan slated to go into effect Tuesday
Related Posts
-
Puerto Rico Legislature seeks to approve budget on FridayHas until June 30 if conference committee formed ...
- June 19, 2019
-
Watch U.S. House subcommittee hearing Thursday on Medicaid funding in territoriesTo 'understand the unique funding difficulties and possible solutions'
- June 19, 2019
-
U.S. Reps. Pascrell, González introduce revised bill to provide supplement to Puerto Rico EITCIsland's fiscal board urges approval
- June 19, 2019
-
García Padilla: Rubio Is No Friend of Puerto RicoGovernor Says Rubio's Remarks Confirm he Works for 'Vultures'
- February 26, 2016
-
-
You must be logged in to post a comment Login