Puerto Rico Shuts Down Services

Cataldo, Adam L.
May 2006
Bond Buyer;5/2/2006, Vol. 356 Issue 32372, p1
Trade Publication
The article reports on the failure of the governor and opposition controlled legislature to maintain the operations of the nonessential services in Puerto Rico. The services shut down after the legislature failed to reach an agreement that would have allowed the commonwealth to obtain a loan and maintain operations. The Government Development Bank denied the loan until the governor and the legislature agree on a plan for tax reform.


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