Puerto Rico Governor Likely to Sign Water Utility Borrowing Bill
- Measure would allow $900 million of debt for capital projects
- Legislation would enable $1.1 billion debt restructuring
Puerto Rico Governor 'Open' to Creditor Talks
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Puerto Rico Governor Alejandro Garcia Padilla said he will probably sign into law a bill that allows the island’s main water utility to raise money through the capital markets.
The governor, who will leave office in January after serving one term, is reviewing the legislation that “will be more likely to be signed” than other bills sitting on his desk, Garcia Padilla said during a Bloomberg TV interview Tuesday.