Puerto Rico Sales Tax Financing Corp (COFINA)

The three Puerto Rico Oversight Board members can resume their positions immidiately, District Court Judge Maria Antongiorgi-Jordan ruled.

The federal government didn't have enough influence in the resulting haircuts to the COFINA bondholders for it to be liable for their losses, the court said.

The funds have net assets of around $187 million.

Some observers say Jenniffer González Colón, who took office in January, may be more open to compromise with Puerto Rico Electric Power Authority bondholders.

The decision, when issued, could have implications for other Puerto Rico bond restructurings.

Some analysts question how much a leftist governor would impact financial and bond issues.

The study also projected a $1.475 trillion loss to productive infrastructure by 2050.

The plan involves building modern infrastructure and streamlining government operations and delivery of services.

Current Members Andrew Biggs and John Nixon will be reappointed for another three years.

The goverment must address expected fiscal challenges or bond payments after 2031 are in jeopardy.

Board chairman says Juan Sabater will bring valued economic expertise to the panel.

Nelson Pérez Méndez will become the interim Secretary of the Treasury.

An appeals court is considering the arguments after bondholders lost in the lower court.

Taxpayers will get refunds in April, if the legislature approves the deal.

First quarter revenues were 20.4% higher than Oversight Board forecasts.

Puerto Rico's Treasury secretary says first quarter results are a good sign for fiscal stability.

Group's attorney is said to have experience arguing before the U.S. Supreme Court.

Ocean Capital's next move is to attemot to have its elected directors seated on the funds' board of directors.

But a change in how foreign corporations are taxed brought down total revenue for the year.

In direct costs to the budget, the proposal would cost Puerto Rico revenues $153.2 million of individual taxes and $283.6 million of corporate taxes per year, according to the governor. The Oversight Board disagrees.