Puerto Rico Public Buildings Authority

The board continues to struggle with the local government on fiscal matters six years after PROMESA's passage.

A firm representing the Oversight Board also represented firms that acquired a loan portfolio from a board-controlled entity.

A teachers' request was rejected, but another ruling could force the board to release documents it chose to withhold.

The territory has to respond to a change in U.S. tax policy that will eliminate a substantial source of revenue.

Teachers petition court for a rehearing before the full appeals court panel of judges.

The local government's bond restructuring law specified the tax was to go to the General Fund starting on March 15.

With the ink still drying on the central government restructuring, analysts give takeaways from Puerto Rico's bankruptcy. Some point to credit fundamentals, others to lack of willingness to pay, as key drivers of the bankruptcies.

Issue is disposition of $1 billion to $2 billion of Puerto Rico government funds.

In a win for the Oversight Board and bondholders, an appeals court shut down a teachers' associations challenge, but another case challenging the plan has yet to be decided.

The board says the governor will have to make many changes to its budget.