True to our commitment to transparency and full disclosure, herein are the latest documents regarding Puerto Rico’s finances and debt restructuring.
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By virtue of Section 13 of Act 2-2017, 3 LPRA 9373, the Fiscal Agency and Financial Advisory Authority of Puerto Rico is excluded from the application of Act 78-2011, as amended, known as Puerto Rico Electoral Code for the 21th Century.
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The Puerto Rico Fiscal Agency and Financial Advisory Authority was established pursuant to Chapter 6 of the Puerto Rico Emergency Moratorium and Financial Rehabilitation Act, Act 21-2016, as an independent public corporation and governmental instrumentality with separate legal existence, fiscal and administrative autonomy, and independence from the Commonwealth.
The Authority was created for the purpose of acting as fiscal agent, financial advisor and reporting agent of the Government of Puerto Rico, its agencies, instrumentalities, subdivisions, public corporations and/or municipalities, and to assist such entities in confronting the grave fiscal and economic emergency that Puerto Rico is currently experiencing. The Authority has assumed the majority of the fiscal agency and financial advisory responsibilities that were previously held by the Government Development Bank for Puerto Rico.
In January 2017, the Puerto Rico Legislative Assembly passed the Enabling Act of the Fiscal Agency and Financial Advisory Authority, Act 2-2017. The new law amends and replaces sections of the prior law that established AAFAF. The new law expands AAFAF’s powers to include, among other things, sole responsibility to renegotiate, to restructure and/or to reach an agreement with creditors on all or part of the public debt or any other debt issued by any government entity. In addition, AAFAF is the entity in charge of the collaboration, communication and cooperation efforts between the Government of Puerto Rico and the Fiscal Oversight Board, created under the Puerto Rico Oversight, Management, and Economic Stability Act, Pub. L. 114-187 (PROMESA).
The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) will be pleased to help you with any questions you have regarding our Agency.
Phone: 787.722.2525 • Email: firstname.lastname@example.org
Physical address: Puerto Rico Fiscal Agency and Financial Advisory Authority, Roberto Sánchez Vilella (Minillas) Government Center de Diego Ave. Stop 22 San Juan, PR 00907
Mailing address: PO Box 42001, San Juan, PR 00940-2001
Roberto Sánchez Vilella (Minillas) Government Center de Diego Ave. Stop 22 San Juan, PR 00907
PO Box 42001, San Juan, PR 00940-2001