Puerto Rico Highway & Transportation Authority

The Oversight Board in its fiscal plan had projected a 5.06% population drop after the 2017 hurricanes; the Census Bureau found a 3.9% decline.

Ambac and FGIC filed motions in support of the Puerto Rico Oversight Board's effort to declare illegal $6 billion of the commonwealth's bonds.

If the ruling holds, analysts said special revenue bonds may have to be re-evaluated based on the general credit of the issuer.

1st Circuit judges upheld the bankruptcy court's ruling that payment of special revenue bonds is voluntary.

As the board wrangles with local officials over the budget, neither the federal courts nor the executive branch have taken action to address a legal challenge to its authority.

Jaresko on Monday cited the almost universal dissatisfaction with the board as proof that it was doing its job.

The 2016 law is under fire from bond holders over the Oversight Board's failure to provide enough money for debt service and from local politicians over the board's efforts to impose fiscal austerity.

The board says that the governor appears to be deviating from the approved budget.

The electrical workers union wants the court to undo the board's actions since Aug. 7, 2017, in addition to declaring the board's appointments unconstitutional.

Governor's representative complains that the expenditures were legally adopted.