These documents are response letters for the State of Maryland. The forms include the following: Acknowledgment of Receipt of Offering Circular and a Maryland Rider to a Franchise Agreement.
Puerto Rico Response Letters
State:
Multi-State
Control #:
US-5-02-STP
Format:
Word;
Rich Text
Instant download
Description
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FAQ
What is PROMESA? The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is legislation intended to help address the fiscal crisis in Puerto Rico.
In 2016, Congress passed the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), which created the Puerto Rico Financial Oversight and Management Board to restructure the Commonwealth's unsustainable burden of more than $72 billion in debt and more than $55 billion in unfunded pension liabilities.
The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is a U.S. federal law enacted in 2016 that established a financial oversight board, a process for restructuring debt, and expedited procedures for approving critical infrastructure projects in order to combat the Puerto Rican government-debt ...
Puerto Rico is an unincorporated territory of the United States. Most but not all federal laws apply to Puerto Rico. In addition to the U.S. Constitution, which is the supreme law of the U.S., federal laws include statutes that are periodically codified in the U.S. Code.
PROMESA gives the Oversight Board two mandates: To help Puerto Rico achieve fiscal responsibility with pro-growth fiscal reforms and renew access to capital markets.
Instead, FEMA provides Public Assistance funds to the Government of Puerto Rico, which is then responsible for disbursing the money to applicants.