Puerto Rico Highway & Transportation Authority

Sixteen Republicans joined all Democrats to vote in favor of the binding plebiscite.

The island expects federal government funds to provide the lion's share of its resources in 2021-2025.

The bond issuance was one step of several taking place Tuesday stemming from the court approval of the HTA plan of adjustment, which reduces HTA's $6.4 billion of total claims by more than 80%.

At stake was the treatment of nearly $1 billion of Puerto Rico bonds and notes.

Robert Mujica Jr.'s experience with New York State debt makes him a good choice, according to an observer.

HTA employees say they will appeal the stay rejection.

Revenues were up while economic activity slipped, with some observers suggesting Hurricane Fiona may have had a negative impact on the economy.

They say the HTA employees group have failed to show any of the four conditions needed for a court to order a stay.

The workers say federal law bars the impairment of their wages.

The plan reduces HTA's $6.4 billion of total claims by more than 80% and saves Puerto Rico more than $3 billion in debt service payments, the Oversight Board said.