Puerto Rico Faces Shutdown Showdown

Cataldo, Adam L.
April 2006
Bond Buyer;4/26/2006, Vol. 356 Issue 32368, p1
Trade Publication
The article reports that the government of Puerto Rico will be shutting down its non-essential operations if a series of spending bills for the fiscal year 2006 fails to pass in the lower house of the legislature. These spending bills are in line with Governor Anibal Acevedo Vila's plan to seek a loan from the Government Development Bank for Puerto Rico to cover up the 738 million budget deficit for the fiscal year 2006 that needs a legislative approval.


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