Puerto Rico Public Buildings Authority

The Supreme Court decision in the Aurelius case that the Oversight Board was a local entity affected the U.S. Court of Federal Claims' decision.

But the economy is still significantly smaller than it was a year ago.

Under certain conditions the board could submit the proposal to the court without a further vote.

A majority of the new Oversight Board members may be more creditor friendly.

Justin Peterson left the meeting to deprive the board of a quorum and prevent the adoption of a debt plan he opposes.

Justin Peterson said he expects the next fiscal plan will allocate money for Puerto Rico's central government debt.

Judge Laura Taylor Swain also rejected a motion for a court-appointed investigation of mediation participants engaging in insider trading of Puerto Rico bonds.

The board threatened legal action if the local government continued to implement the three pension laws passed in August.

The board asked the judge to not put any deadlines on the negotiations.

The Oversight Board said it is working on a response.