All posts tagged "PROMESA"
Mayors Seek to Save Funding
Meet with FOMB to Iron Out Deal to Avoid Budget Cuts of 70% Puerto Rico’s mayors are in negotiations this week with the island’s Financial Oversight and Management Board (FOMB) to save the Municipal Revenue Collection Center’s...
- Posted June 16, 2022
Person of the Year – Judge Laura Taylor Swain
Her decisions will eventually determine, in large part, what Puerto Rico looks like over the next 20 years—and generations to come.
- Posted December 15, 2021
Title III Creditors Come Out Better Under Promesa
FOMB Report: Average Claim Recovery Is 69 Percent
- Posted December 2, 2021
Judge Swain Blocks Request for an Investigation, Asks for Timetable on Debt Plan
Fiscal Board Supports Referrals to SEC, New York AG but Says Title III Investigation Would Create ‘Gray Area’
- Posted October 28, 2020
Puerto Rico fiscal oversight board to hold public meeting Tuesday on gov’t financial statements, economic development
Watch the meeting, at 2 p.m., on outstanding audits, review of BDO Puerto Rico audit and presentation of report on manufacturing opportunities
- Posted August 3, 2020
U.S. Reps, Puerto Rico gov’t and its fiscal board spar at congressional hearing
Gov seeks amendment to curb board authority; Jaresko says move would hinder debt restructuring
- Posted June 12, 2020
Ambac Files Complaint Against Fiscal Board
Alleges Promesa Violates Constitution’s Uniform Bankruptcy Law Requirement
- Posted May 27, 2020
Lawmakers introduce bill to amend Puerto Rico Oversight, Management and Economic Stability Act
Legislation intended to 'stabilize Puerto Rican Economy, stop austerity cuts and guarantee services funding'
- Posted May 22, 2020
Amid Outbreak, Oversight Board Grants Puerto Rico Gov’t Time to Revise Fiscal Plan
Fiscal Agency says negative impact on economy expected to 'persist over the next two quarters and could be considerable'
- Posted March 17, 2020
SEIU President Warns of Promesa Deficiencies After GDB Default
Says Law Doesn't 'Provide the tools' to Cut Debt to a Sustainable Level
- Posted March 11, 2020