230323 ORD RE 529TH OMNI OBJ VERSION MARCH 23, 2023 1

UNITED STATES DISTRICT COURT

FOR THE 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)

AMENDED AND RESTATED2 ORDER GRANTING FIVE HUNDRED TWENTY-NINTH OMNIBUS 

OBJECTION (SUBSTANTIVE) OF THE COMMONWEALTH OF PUERTO RICO TO DUPLICATE AND NO 

LIABILITY BOND CLAIMS

Upon the Five Hundred Twenty-Ninth Omnibus Objection (Substantive) of the 

Commonwealth of Puerto Rico to Duplicate and No Liability Bond Claims (the “Five Hundred 

 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 (the “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”, and together with 

the Commonwealth, COFINA, HTA, ERS, and PREPA, the “Debtors”) (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).

2 This Order amends and restates the Order Granting Five Hundred Twenty-Ninth 

Omnibus Objection (Substantive) of the Commonwealth of Puerto Rico to Duplicate and 

No Liability Bond Claims (Docket Entry No. 23731) to include certain clarifying 

language that the Oversight Board agreed to insert to the proposed order at the request of 

a claimant. (See Docket Entry No. 23555.)

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230323 ORD RE 529TH OMNI OBJ VERSION MARCH 23, 2023 2

Twenty-Ninth Omnibus Objection”)3 filed by the Commonwealth of Puerto Rico (the 

“Commonwealth”), dated September 16, 2022, for entry of an order disallowing in their entirety 

certain claims filed against the Commonwealth, as more fully set forth in the Five Hundred 

Twenty-Ninth Omnibus Objection and supporting exhibits thereto; and the Court having 

jurisdiction to consider the Five Hundred Twenty-Ninth 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 Five Hundred Twenty-Ninth 

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

notice being required; and the Court having determined that the claims identified in Exhibit A to 

the Five Hundred Twenty-Ninth Omnibus Objection (the “Claims to Be Disallowed”) seek 

recovery of amounts for which the Commonwealth is not liable; and the Court having determined 

that the relief sought in the Five Hundred Twenty-Ninth Omnibus Objection is in the best interest

of the Commonwealth and its creditors, and all the parties in interest; and the Court having 

determined that the legal and factual bases set forth in the Five Hundred Twenty-Ninth 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 Five Hundred Twenty-Ninth Omnibus Objection is 

SUSTAINED as set forth herein; and it is further

ORDERED that the Claims to Be Disallowed are hereby disallowed in their 

entirety; provided that, the disallowance of any Claims to Be Disallowed filed by any holder (a 

“CW/HTA Claimholder”) of claims for amounts owed by the Commonwealth under or on account 

 3 Capitalized terms not otherwise defined herein shall have the meanings given to such 

terms in the Five Hundred Twenty-Ninth Omnibus Objection.

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230323 ORD RE 529TH OMNI OBJ VERSION MARCH 23, 2023 3

of the bonds issued by HTA (the “CW/HTA Claims”) shall not prejudice or otherwise affect (i) the 

allowance of the CW/HTA Claims under Section 2.2 of the Plan (such allowed claims, the 

“Allowed CW/HTA Claims”), (ii) any CW/HTA Claimholder’s right to its pro rata share of the 

Allowed CW/HTA Claims based on its holdings of bonds issued by HTA, or (iii) any CW/HTA 

Claimholder’s right to distributions under the Plan on account of its pro rata share of the Allowed 

CW/HTA Claims; and it is further 

ORDERED that Kroll is authorized and directed to designate the Claims to Be 

Disallowed as expunged on the official claims register in the Title III Case; and it is further

ORDERED that this Order resolves Docket Entry No. 22262 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 23, 2023

/s/ Laura Taylor Swain 

LAURA TAYLOR SWAIN

United States District Judge

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