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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 -
The board says that the governor appears to be deviating from the approved budget.
March 8 -
The electrical workers union wants the court to undo the board's actions since Aug. 7, 2017, in addition to declaring the board's appointments unconstitutional.
March 1 -
Governor's representative complains that the expenditures were legally adopted.
February 27 -
The December index value was down 0.7% from November.
February 22 -
The appeals court ruled the appointments were unconstitutional, but didn’t invalidate either the existing board's actions or the parts of the Puerto Rico Oversight, Management, and Economic Stability Act that didn't address the board appointment process.
February 15 -
Ruling may lead to the requirement to pay interest on the bonds despite the Employees Retirement System bankruptcy.
January 31 -
Traditional bond buyers are going back to Puerto Rico.
January 31 -
Rosana Aguilar is expected to focus on maintenance and repair of existing roads by the authority, which is in Title III bankruptcy with $4.1 billion of bond debt.
January 14 -
The economy and several pending court cases may also determine the progress of the historic debt restructuring in 2019.
January 3