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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) 

In re: 

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, 

as representative of 

PUERTO RICO ELECTRIC POWER AUTHORITY, 

Debtor. 

No. 17 BK 4780-LTS 

NOTICE OF CONSTITUTIONAL CHALLENGE TO FEDERAL STATUTE 

Assured Guaranty Corp. and Assured Guaranty Municipal Corp. (together, “Assured”) 

hereby provide notice under Federal Rule of Bankruptcy Procedure 9005.1 to the Court and the 

Attorney General of the United States that their objection to the Modified Second Amended Title 

III Plan Of Adjustment Of The Puerto Rico Electric Power Authority, filed on June 12, 2023, calls 

into question the constitutionality of the Puerto Rico Oversight, Management, and Economic 

Stability Act (PROMESA), Pub. L. No. 114-187, 130 Stat. 549 (2016), on the ground that it 

 

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 The Debtors in these Title III cases, along with each Debtor’s respective Title III case number listed as a bankruptcy 

case number due to software limitations 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 (iv) 

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). 

Case:17-03283-LTS Doc#:24543 Filed:06/12/23 Entered:06/12/23 23:07:21 Desc: Main

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violates the uniformity requirement of the Constitution’s Bankruptcy Clause, U.S. Const. Art. I, § 

8, cl. 4. 

In compliance with Federal Rule of Bankruptcy Procedure 9005.1, this Notice is being 

served upon the Attorney General of the United States via certified mail to: 

Attn: Hon. Merrick Garland 

U.S. Department of Justice 

950 Pennsylvania Avenue, NW 

Washington, DC 20530-0001 

Respectfully submitted, 

Dated: June 12, 2023 

 New York, New York 

CASELLAS ALCOVER & BURGOS P.S.C. 

By: /s/ Heriberto Burgos Pérez 

Heriberto Burgos Pérez 

USDC-PR No. 204,809 

Ricardo F. Casellas-Sánchez 

USDC-PR No. 203,114 

Diana Pérez-Seda 

USDC–PR No. 232,014 

P.O. Box 364924 

San Juan, PR 00936-4924 

Tel.: (787) 756-1400 

Fax: (787) 756-1401 

E-mail: hburgos@cabprlaw.com 

 rcasellas@cabprlaw.com 

 dperez@cabprlaw.com 

Counsel for Assured Guaranty Corp. and 

Assured Guaranty Municipal Corp. 

CADWALADER, WICKERSHAM & TAFT 

LLP 

By: /s/ Howard R. Hawkins, Jr. 

Howard R. Hawkins, Jr.* 

Mark C. Ellenberg* 

Casey J. Servais* 

William J. Natbony* 

Thomas J. Curtin* 

200 Liberty Street 

New York, New York 10281 

Tel.: (212) 504-6000 

Fax: (212) 504-6666 

Email: howard.hawkins@cwt.com 

 mark.ellenberg@cwt.com 

 casey.servais@cwt.com 

 bill.natbony@cwt.com 

 thomas.curtin@cwt.com 

 

* Admitted pro hac vice 

Counsel for Assured Guaranty Corp. and Assured 

Guaranty Municipal Corp. 

Case:17-03283-LTS Doc#:24543 Filed:06/12/23 Entered:06/12/23 23:07:21 Desc: Main

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CERTIFICATE OF SERVICE 

 I hereby certify that I filed this document electronically with the Clerk of the Court using 

the CM/ECF System, which will send notification of such filing to all parties of record in the 

captioned case. 

At New York, New York, this 12th day of June, 2023. 

By: /s/ Howard R. Hawkins, Jr. 

 Howard R. Hawkins, Jr.* 

 * admitted pro hac vice 

Case:17-03283-LTS Doc#:24543 Filed:06/12/23 Entered:06/12/23 23:07:21 Desc: Main

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