Puerto Rico’s Oversight Board plans to discuss the 10 year fiscal plans of several Puerto Rico authorities at a public meeting on Friday.
The meeting will be held in Alexander Hamilton Federal Building, 1 Bowling Green, in New York starting at 8:30 a.m. The meeting is open to the public provided that observers fill out a pre-registration form by 5 p.m. on Wednesday. The form is at the Board’s
The meeting will be streamed live on this site and posted afterward.
As of 11 a.m. on Wednesday the board hadn’t announced which authorities’ fiscal plans would be discussed. The board had required first drafts of fiscal plans to be submitted by Feb. 21 from five entities: the Puerto Rico Electric Power Authority, Puerto Rico Aqueduct and Sewer Authority, Government Development Bank for Puerto Rico, Puerto Rico Highways and Transportation Authority, and the Public Corporation for the Supervision and Insurance of Cooperatives. The board also required the University of Puerto Rico to submit a draft fiscal plan by March 31.
Since the stay on lawsuits found in the Puerto Rico Oversight, Management and Economic Stability Act is to elapse on Monday, the board may also consider voting on shifting the debt restructuring from the negotiations of Title VI of the Puerto Rico Oversight, Management and Economic Stability Act to the court-supervised bankruptcy process of Title III.
