Exhibit B 

Proposed Order B 

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UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

---------------------------------------------------------------------- x 

 : 

In re: : 

 : 

THE FINANCIAL OVERSIGHT AND : PROMESA 

MANAGEMENT BOARD FOR PUERTO RICO, : Title III 

 : 

 as representative of : Case No. 17-BK-3283 (LTS) 

 : 

THE COMMONWEALTH OF PUERTO RICO et al., : (Jointly Administered) 

 : 

Debtors.1

 : 

---------------------------------------------------------------------- X 

ORDER FURTHER AMENDING CASE MANAGEMENT PROCEDURES 

 Upon the Motion of Official Committee of Unsecured Creditors to Clarify or Amend 

Fourth Amended Notice, Case Management and Administrative Procedures Regarding 

Disclosure Requirements Pursuant to Federal Rule of Bankruptcy Procedure 2019 (the 

“Motion”);2

 and the court having found it has subject matter jurisdiction over this matter 

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

section 307(a) of PROMESA; 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 

having found that the movant 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 

 

1

 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 (the “Commonwealth”) 

(Bankruptcy Case No. 17-BK-3283 (LTS)) (Last Four Digits of Federal Tax ID: 3481), (ii) 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), (iii) Puerto Rico Highways and Transportation 

Authority (“HTA”) (Bankruptcy Case No. 17-BK-3567 (LTS)) (Last Four Digits of Federal Tax ID: 3808), and 

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

(Last Four Digits of Federal Tax ID: 8474). 

2

 All capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Motion. 

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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 in the 

Motion having been withdrawn 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. Paragraph IV.A of Section IV (Disclosure Requirements) of the Case 

Management Procedures is hereby clarified as follows (inserts are underlined and in bold and 

deletions are struck): 

Every group, committee and entity described in Federal Rule of Bankruptcy 

Procedure 2019(b)(1) (each, a “Rule 2019(b) Group”), that, on or before August 

9, 2017, has taken a position before the Court3 must file a verified statement that 

complies with the disclosure requirements enumerated by Federal Rule of 

Bankruptcy Procedure 2019 by August 24, 2017 at 5:00 p.m. (Atlantic Standard 

Time). For the avoidance of doubt and for the purposes of these Title III cases, 

compliance with Bankruptcy Rule 2019 includes disclosure of: (i) all economic 

interests with respect to each Debtor in whose Title III case the group, committee 

and/or entity has taken a position, including derivative interests, and (ii) the 

existence and amount of any bond insurance or other credit protection, including 

by a monoline insurer. “Debtor” as used in this paragraph refers to any entity 

that is a debtor under Title III of PROMESA. 

3

For the avoidance of doubt, the phrase “takes a position before the Court” 

includes appearing in any Title III case or related adversary proceeding in 

any capacity, including by, among other things, filing a Pleading, filing an 

informative motion, executing a court-approved stipulation, filing a proof of 

claim, appearing at a hearing before the Court, or asserting any legal or 

factual positions that would in any way impact the property or rights of any 

Debtor. but is not limited to, the filing of any Pleading, including informative 

motion practice containing factual or legal representations or arguments.

3. Paragraph IV.D is hereby added to the Case Management Procedures, as follows: 

Any Rule 2019(b) Group that filed a verified statement after [ ], 2017 shall 

file an amended verified statement reflecting any economic interest (and any 

change in such economic interest from [ ], 2017 through the date of the 

addition of this paragraph to the Case Management Procedures), required to be 

disclosed pursuant to Paragraph IV.A, that was not disclosed in the previously 

filed verified statement. 

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4. This court shall retain exclusive jurisdiction over all matters pertaining to the 

implementation, interpretation, and enforcement of this Order. 

Dated: July ___, 2018 

____________________________________ 

HONORABLE LAURA T. SWAIN 

UNITED STATES DISTRICT JUDGE 

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