180906 ORD AMEND JOINT ADMIN.DOCX VERSION SEPTEMBER 6, 2018 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)

Re: ECF Nos. 242, 537, 1417

ORDER AMENDING JOINT ADMINISTRATION ORDER

Upon the Motion for Entry of Order Amending Joint Administration Order 

(the “Motion”);

2 and the Court having found it has subject matter jurisdiction over this matter 

pursuant to PROMESA section 306(a); and it appearing that venue is proper pursuant to 

PROMESA section 307(a); and the Court having found that the relief requested in the Motion is 

in the best interests of the Debtors, their creditors, and other parties in interest; and the Court 

 

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 (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); and (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 

BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747). (Title III case numbers are listed 

as Bankruptcy Case numbers due to software limitations).

2 Capitalized terms not otherwise defined shall have the same meaning as ascribed to them in 

the Motion.

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having found that the Debtors provided adequate and appropriate notice of the Motion under the 

circumstances and that no other or further notice is required; and the Court having reviewed the 

Motion; and the Court having determined that the legal and factual bases set forth in the Motion 

establish just cause for the relief granted herein; and any objections to the relief requested herein 

having been withdrawn, resolved, or overruled on the merits; and after due deliberation and 

sufficient cause appearing therefor; it is HEREBY ORDERED THAT: 

1. The Motion is granted as set forth herein.

2. For administrative efficiency purposes only, the Commonwealth is authorized to 

pay the fees and expenses incurred by Title III professionals on behalf of the other Debtors,

provided that the Commonwealth is timely reimbursed for any payments made. For the 

avoidance of doubt, such payments do not constitute a consolidation of amounts owed between 

or among the Debtors.

3. To the extent a Debtor has not reimbursed the Commonwealth for any 

professional fees and expenses paid on its behalf as of the date of this order, such Debtor shall 

reimburse the Commonwealth for such payments within 45 days of this order. 

4. Nothing herein modifies the Order Approving COFINA Agent’s Motion Pursuant 

to 48 U.S.C. § 2161 And 11 U.S.C. § 105(A) for Order: (I) Confirming that 48 U.S.C. § 2125 

Applies to COFINA Agent; (ii) Confirming Retention of Local Counsel; and (iii) Clarifying 

Payment of Fees and Expenses of COFINA Agent and Her Professionals [ECF No. 1612] with 

respect to the payment of Agent/Professional Fees, as defined therein. 

5. Nothing herein authorizes payment from segregated accounts at the Bank of New 

York Mellon (“BNYM”) holding (i) interpleaded monthly payments of principal and interest due 

to be paid by BNYM to holders of COFINA bonds as defined in the Court’s May 30, 2017 Order 

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180906 ORD AMEND JOINT ADMIN.DOCX VERSION SEPTEMBER 6, 2018 3

Granting Interpleader, Staying Pending and Future Litigation Against the Bank of New York 

Mellon, as Trustee, Pursuant to 28 U.S.C. § 2361, and Granting Related Relief [Case No. 17-

00133, ECF No. 110], and/or (ii) the 5.5% SUT revenues in BNYM accounts as defined in the 

Court’s July 24, 2018 Order, Pursuant to Bankruptcy Code Section 105(a) and Bankruptcy Rule 

9019, Establishing Procedures Governing 5.5% SUT Revenues Collected On or After July 1, 

2018 [Case No 17-00257, ECF No. 534].

6. Except as specifically set forth in this order, the Joint Administration Order shall 

remain in full force and effect. 

7. This Court retains exclusive jurisdiction with respect to all matters arising from or 

related to the implementation, interpretation, and enforcement of this order. 

8. This Order resolves Docket Entry No. 3791.

Dated: September 6, 2018

San Juan, Puerto Rico 

/s/ Laura Taylor Swain

LAURA TAYLOR SWAIN

United States District Judge

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