230322 ORD RE 374TH OMNI OBJ VERSION MARCH 22, 2023 1

UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of

THE COMMONWEALTH OF PUERTO RICO, et 

al.,

Debtors.1

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

ORDER GRANTING THE THREE HUNDRED SEVENTY-FOURTH OMNIBUS OBJECTION 

(SUBSTANTIVE) OF THE COMMONWEALTH OF PUERTO RICO, PUERTO RICO SALES TAX 

FINANCING CORPORATION, PUERTO RICO HIGHWAYS AND TRANSPORTATION AUTHORITY,

EMPLOYEES RETIREMENT SYSTEM OF THE GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, AND PUERTO RICO PUBLIC BUILDINGS AUTHORITY TO LATE-FILED CLAIMS

Upon the Three Hundred Seventy-Fourth Omnibus Objection (Substantive) of the 

Commonwealth of Puerto Rico, Puerto Rico Sales Tax Financing Corporation, Puerto Rico 

Highways and Transportation Authority, Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico, and Puerto Rico Public Buildings Authority to Late-Filed Claims

 

1 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case 

number and the last four (4) digits of each Debtor’s federal tax identification number, as 

applicable, are the (i) Commonwealth of Puerto Rico (“Commonwealth”) (Bankruptcy 

Case No. 17-BK-3283- LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico 

Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17-BK-3284-LTS) 

(Last Four Digits of Federal Tax ID: 8474); (iii) Puerto Rico Highways and Transportation 

Authority (“HTA”) (Bankruptcy Case No. 17-BK-3567-LTS) (Last Four Digits of Federal 

Tax ID: 3808); (iv) Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17-BK-3566-LTS) (Last 

Four Digits of Federal Tax ID: 9686); (v) Puerto Rico Electric Power Authority (“PREPA”) 

(Bankruptcy Case No. 17- BK-4780-LTS) (Last Four Digits of Federal Tax ID: 3747); and 

(vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-BK-5523-

LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as 

Bankruptcy Case numbers due to software limitations).

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230322 ORD RE 374TH OMNI OBJ VERSION MARCH 22, 2023 2

(Docket Entry No. 17923) (the “Three Hundred Seventy-Fourth Omnibus Objection”), filed by the 

Commonwealth of Puerto Rico (“Commonwealth”), the Puerto Rico Sales Tax Financing 

Corporation (“COFINA”), the Puerto Rico Highways and Transportation Authority (“HTA”), the 

Employees Retirement System of the Government of the Commonwealth of Puerto Rico (“ERS”), 

and the Puerto Rico Public Buildings Authority (“PBA,” and together with the Commonwealth, 

COFINA, HTA, and ERS, the “Debtors”), dated August 20, 2021, for entry of an order disallowing 

in their certain claims filed against the Debtors, as more fully set forth in the Three Hundred 

Seventy-Fourth Omnibus Objection and supporting exhibits thereto; and the Court having 

jurisdiction to consider the Three Hundred Seventy-Fourth Omnibus Objection and to grant the 

relief requested therein pursuant to PROMESA section 306(a); and venue being proper pursuant 

to PROMESA section 307(a); and due and proper notice of the Three Hundred Seventy-Fourth 

Omnibus Objection having been provided to those parties identified therein, and no other or further 

notice being required; and upon the Notice of Presentment of Proposed Order Granting the Three 

Hundred Seventy-Fourth Omnibus Objection (Substantive) of the Commonwealth of Puerto Rico, 

Puerto Rico Sales Tax Financing Corporation, Puerto Rico Highways and Transportation 

Authority, Employees Retirement System of the Government of the Commonwealth of Puerto Rico, 

and the Puerto Rico Public Buildings Authority to Late-Filed Claims, dated May 24, 2022 (Docket 

Entry No. 20964, the “Notice”), for entry of an order (1) disallowing the Claims Heard at 

December 2021 Hearing (as defined below), (2) disallowing, in their entirety, the Non-Bond 

Claims to Be Heard (as defined below), (3) partially disallowing the Bond-Related Claims to Be 

Heard (as defined below), (4) partially disallowing the Bond-Related Claims to Be Partially 

Disallowed via Notice of Presentment (as defined below), and (5) disallowing in their entirety the 

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230322 ORD RE 374TH OMNI OBJ VERSION MARCH 22, 2023 3

Non-Bond Claims to Be Disallowed via Notice of Presentment2, as more fully set forth in the 

Notice; and upon the record of the hearing held on the Three Hundred Seventy-Fourth Omnibus 

Objection on December 15, 2021, and the rulings made therein, sustaining the Three Hundred 

Seventy-Fourth Omnibus Objection as to 174604, 174660, and 174661 (the “Claims Heard at 

December 2021 Omnibus Hearing”) to the extent they assert claims against the Commonwealth; 

and upon the record of the hearings held on the Three Hundred Seventy-Fourth Omnibus Objection 

on January 19-20, 2022 and February 16-17, 2022, and the rulings made therein, disallowing in 

their entirety Proofs of Claim Nos. 108658, 113161, 131274, 135104, 145387, 152213, 153293, 

158327, 158363, 160968, 165427, 167977, 167986, 168000, 168048, 168595, 171116, 171301, 

173121, 173790, 174092, 174485, 175179, 177676, 177765, 178772, 178943, 178975, 179193, 

179355, 179367, 179392, 179428, 179433, 179439, 179447, 179457, and 179463 (the “Non-Bond 

Claims to Be Heard”), and disallowing Proofs of Claim Nos. 167898, 167899, 173713, 173735, 

173757, and 179204 (the “Bond-Related Claims to Be Heard”) solely to the extent that they assert 

any liability beyond the repayment of principal, interest, and other fees and expenses, and 

overruling the Three Hundred Seventy-Fourth Omnibus Objection with respect to the BondRelated Claims to Be Heard to the extent they seek to assert liabilities associated with the 

repayment of principal, interest, and other fees and expenses; and upon the Informative Motion of 

the Commonwealth of Puerto Rico, the Puerto Rico Sales Tax Financing Authority, the Puerto 

Rico Highways and Transportation Authority, the Employees Retirement System of the 

Government of the Commonwealth of Puerto Rico, and the Puerto Rico Public Buildings Authority 

Regarding Three Hundred Seventy-Fourth Omnibus Objection (Substantive) to Late-Filed Claims 

 2 Capitalized terms used but not otherwise defined herein have the meanings given to them 

in the Notice. 

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230322 ORD RE 374TH OMNI OBJ VERSION MARCH 22, 2023 4

and Three Hundred Ninety-Seventh Omnibus Objection (Substantive) to Late-Filed Claims [ECF 

No. 20953], which clarified that, with respect to claims subject to the Three Hundred SeventyFourth Omnibus Objection asserting liabilities associated with bonds (collectively, the “BondRelated Claims to Be Partially Disallowed via Notice of Presentment”), the Debtors seek to 

disallow the Bond-Related Claims to Be Partially Disallowed via Notice of Presentment solely to 

the extent they assert liabilities other than principal, interest, or fees and expenses; and the Court 

having determined that the relief sought in the Three Hundred Seventy-Fourth Omnibus Objection 

is in the best interests of the Debtors, their creditors, and all parties in interest; and the Court having 

determined that the legal and factual bases set forth in the Three Hundred Seventy-Fourth Omnibus 

Objection establish just cause for the relief granted herein; and after due deliberation and sufficient 

cause appearing therefor, it is hereby:

ORDERED that the Three Hundred Seventy-Fourth Omnibus Objection is 

SUSTAINED as set forth herein; and it is further

ORDERED that the Claims Heard at December 2021 Omnibus Hearing are 

disallowed to the extent that they are asserted against the Commonwealth; and it is further

ORDERED that the Non-Bond Claims to Be Heard and the Non-Bond Claims to 

Be Disallowed via Notice of Presentment, as set forth on Exhibit A hereto, are hereby disallowed 

in their entirety as set forth below; and it is further

ORDERED that the Bond-Related Claims to Be Heard and the Bond-Related 

Claims to Be Partially Disallowed via Notice of Presentment, as set forth on Exhibit B hereto, are 

hereby partially disallowed to the extent they assert liabilities beyond the repayment of principal, 

interest, and other fees and expenses; and it is further

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230322 ORD RE 374TH OMNI OBJ VERSION MARCH 22, 2023 5

ORDERED that Kroll Restructuring Associates, LLC (“Kroll”) is authorized and 

directed to designate the Claims Heard at December 2021 Omnibus Hearing as expunged on the 

official claims registry in the Commonwealth’s Title III Case, such that the Claims Heard at 

December 2021 Omnibus Hearing shall only be considered claims against PBA; and it is further

ORDERED that Kroll is authorized and directed to designate the Bond-Related 

Claims to Be Heard and the Bond-Related Claims to Be Partially Disallowed via Notice of 

Presentment as partially expunged on the official claims registry in the Title III Cases to the extent 

they assert liabilities beyond the repayment of principal, interest, and other fees and expenses; and 

it is further 

ORDERED that Kroll is authorized and directed to designate the Non-Bond Claims 

to Be Heard and the Non-Bond Claims to Be Disallowed via Notice of Presentment as expunged 

on the official claims registry in the Title III Cases; and it is further

ORDERED that this Order resolves Docket Entry No. 17923 in Case No. 17-3283; 

and it is further

ORDERED that this Court shall retain jurisdiction to hear and determine all matters 

arising from or related to the implementation, interpretation, or enforcement of this Order.

SO ORDERED.

Dated: March 22, 2023

/s/ Laura Taylor Swain 

LAURA TAYLOR SWAIN

United States District Judge

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