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The Board announced that its third meeting will be held Friday beginning at 8:30 AM in the El Conquistador resort in Fajardo, on the northeastern coast of Puerto Rico. The agenda includes:

  • Procedures to approve out of the ordinary transactions by covered government entities.
  • A presentation on the territorial government’s liquidity by the Conway MacKenzie firm contracted by the administration of incumbent Governor Alejandro Garcia Padilla (Popular Democratic Party)
  • Comments on the Garcia Padilla Administration’s “Fiscal and Economic Growth Plan (FEGP)” — which Rossello has said that he will replace — by selected individuals outside of government.
  • Principles and a timeline for insular government fiscal plans.
  • A presentation by Puerto Rico Aqueduct and Sewer Authority (PRASA). The agency has wanted to issue $2 billion in bonds as soon as possible, $900 million to pay contractors for work done and stopped because of a lack of funds and $1.1 billion to refinance existing debt.