IN THE 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

Case No. 17 BK 3282-LTS

(Jointly Administered)

Re: ECF No. 3797

OFFICIAL COMMITTEE OF UNSECURED 

CREDITORS OF PUERTO RICO

Movant,

v.

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO

as representative of

THE COMMONWEALTH OF PUERTO RICO, et al.,

Respondents.

 

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.

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[PROPOSED] ORDER ON UNOPPOSED URGENT MOTION FOR AN EXTENSION

OF TIME TO FILE AN OBJECTION TO URGENT MOTION OF OFFICIAL 

COMMITTEE OF UNSECURED CREDITORS FOR ENTRY OF ORDER ENFORCING 

AUTOMATIC STAY AND COURT’S JUNE 29, 2017 ORDER CONFIRMING 

APPLICATION OF AUTOMATIC STAY WITH RESPECT TO GDB

RESTRUCTURING

Upon consideration of the urgent motion (the “Urgent Motion”) of the Financial 

Oversight and Management Board for Puerto Rico (the “Oversight Board”), as representative of 

the Commonwealth of Puerto Rico (the “Commonwealth”), the Puerto Rico Sales Tax Financing 

Corporation (“COFINA”), the Puerto Rico Highways and Transportation Authority (“HTA”), the 

Employees Retirement System of the Government of the Commonwealth of Puerto Rico 

(“ERS”), and the Puerto Rico Electric Power Authority (“PREPA” and together with the 

Commonwealth, COFINA, HTA, and ERS, the “Debtors”), in these Title III cases pursuant to 

section 315(b) of the Puerto Rico Oversight, Management, and Economic Stability Act

(“PROMESA”),2for an order extending the time to file an objection in response to the Urgent 

Motion of Official Committee of Unsecured Creditors, Pursuant to Bankruptcy Code Sections 

105(a) and 362, For Entry of Order Enforcing Automatic Stay and Court’s June 29, 2017 Order 

Confirming Application of Automatic Stay With Respect to GDB Restructuring [ECF No. 3797], 

filed by the Official Committee of Unsecured Creditors (the “Motion”), to August 31, 2018 at 

4:00 p.m. (AST); and it appearing that (i) the Court has jurisdiction over this matter pursuant to 

28 U.S.C. § 1331 and 48 U.S.C. § 2166(a), (ii) that venue of this proceeding and the Urgent 

Motion is proper under 28 U.S.C. § 1391(b) and 48 U.S.C. § 2167(a), (iii) that notice of the 

Urgent Motion was adequate and proper under the circumstances and that no further or other 

notice need be given; and after due deliberation and sufficient cause appearing therefore, it is 

hereby ORDERED that:

 

2

PROMESA has been codified in 48 U.S.C. §§ 2101-2241.

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1. The Urgent Motion is GRANTED as set forth herein.

2. The Oversight Board’s objection to the UCC’s Motion shall be due on or before 

August 31, 2018 at 4:00 p.m. (AST).

3. The Court shall retain jurisdiction to hear and determine all matters arising from the 

implementation of this Order.

Dated:___________________

__________________________________

UNITED STATES DISTRICT JUDGE

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