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All eyes were on the enormous California offering. PREPA bonds have risen this month as investors anticipate a deal to restructure its debt is gaining support.
April 11 -
Assured Guaranty indicated it is interested in reaching a deal on PREPA bonds rather than continuing its quest for a PREPA receiver.
April 10 -
PREPA says it needs federal money to complete the work of rebuilding the commonwealth’s electrical grid following the destruction caused by Hurricanes Maria and Irma, but the Trump administration has been slow to disburse funds already approved by Congress.
April 9 -
The IRS audit of the Puerto Rico Municipal Finance Agency's $59 million in 2005 Series B Refunding Bonds is the third IRS audit of tax-advantaged bonds involving the commonwealth announced over the last six weeks.
April 3 -
Puerto Rico governor signs measure for shift to renewable energy.
March 29 -
The House Natural Resources Committee has scheduled a May 2 hearing to examine the successes and failures of PROMESA.
March 28 -
The Senate on Wednesday debated a $13.45 billion disaster aid bill that would require Puerto Rico to assume a local share of additional FEMA aid rather than the 100% federal share in a bill passed by the House.
March 27 -
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.
March 25 -
Jaresko on Monday cited the almost universal dissatisfaction with the board as proof that it was doing its job.
March 18 -
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.
March 14