Puerto Rico Public Buildings Authority

The speaker of the territory's House of Representatives says its vote is controlling and the board will have to go to court to overrule it.

The board is allowing the legislature an opportunity to give input even though the board retains control over the budget.

The board also submitted an amended plan of adjustment and disclosure statement for the central government bond deal.

The board is also considering a measure the House passed to undo board-supported labor reforms.

Assured Guaranty and National Public Finance Guarantee gave their support to Highways and Transportation Authority and Convention Center District Authority revenue bond deals affecting $4.6 billion, solidifing their support for the central government deal.

Observers say it is the beginning of the end of the central government bankruptcy.

Judge Laura Taylor Swain says they can be dealt with in the process of confirming the central government plan of adjustment.

While the 2020 number was down from the 2010 figure, it was still almost 10% greater than the Puerto Rico Oversight Board's estimate.

After statehood, Puerto Rico's legacy bonds would likely retain their current status, but analysts are mixed on how the market would receive new debt.

If sales and use tax revenues surpass May 2020 expectations, some bondholders would see increased payments.