Exhibit 2

Redline

Case:17-03283-LTS Doc#:23555-2 Filed:02/16/23 Entered:02/16/23 19:49:57 Desc:

Exhibit 2 Omni Proposed Order Redline Page 1 of 4
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)

This filing relates to the 

Commonwealth.

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 

Twenty-Ninth Omnibus Objection”)2filed 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 

 

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 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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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 

GRANTED 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 

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 

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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 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: 

Honorable Judge Laura Taylor Swain

United States District Judge 

Case:17-03283-LTS Doc#:23555-2 Filed:02/16/23 Entered:02/16/23 19:49:57 Desc:

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