130 
direct the offending party to comply with the Expe-
dited Permitting Process. The Oversight Board may 
take such enforcement action as necessary as provided 
by section 104(l). 
(d) REVIEW OF LEGISLATURE ACTS.— 
(1) 
SUBMISSION
OF
ACTS
TO
OVERSIGHT 
BOARD.—Pursuant to section 204(a), the Governor 
shall submit to the Oversight Board any law duly en-
acted during any fiscal year in which the Oversight 
Board is in operation that may affect the Expedited 
Permitting Process. 
(2) FINDING OF OVERSIGHT BOARD.—Upon re-
ceipt of a law under paragraph (1), the Oversight 
Board shall promptly review whether the law would 
adversely impact the Expedited Permitting Process 
and, upon such a finding, the Oversight Board may 
deem such law to be significantly inconsistent with 
the applicable Fiscal Plan. 
(e) ESTABLISHMENT OF CERTAIN TERMS AND CONDI-
TIONS.—No Puerto Rico Agency may include in any certifi-
cate, right-of-way, permit, lease, or other authorization 
issued for a Critical Project any term or condition that may 
be permitted, but is not required, by any applicable Puerto 
Rico law, if the Revitalization Coordinator determines the 
term or condition would prevent or impair the expeditious 
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construction, operation, or expansion of the Critical Project. 
The Revitalization Coordinator may request a Puerto Rico 
Agency to include in any certificate, right-of-way, permit, 
lease, or other authorization, a term or condition that may 
be permitted in accordance with applicable laws if the Revi-
talization Coordinator determines such inclusion would 
support the expeditious construction, operation, or expan-
sion of any Critical Project. 
(f) DISCLOSURE.—All Critical Project reports, and 
justifications for approval or rejection of Critical Project 
status, shall be made publicly available online within 5 
days of receipt or completion. 
SEC. 505. FEDERAL AGENCY REQUIREMENTS. 
(a) FEDERAL POINTS OF CONTACT.—At the request of 
the Revitalization Coordinator and within 30 days of re-
ceiving such a request, each Federal agency with jurisdic-
tion over the permitting, or administrative or environ-
mental review of private or public projects in Puerto Rico, 
shall name a Point of Contact who will serve as that agen-
cy’s liaison with the Revitalization Coordinator. 
(b) FEDERAL GRANTS AND LOANS.—For each Critical 
Project with a pending or potential Federal grant, loan, 
or loan guarantee application, the Revitalization Coordi-
nator and the relevant Point of Contact shall cooperate with 
each other to ensure expeditious review of such application. 
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(c) EXPEDITED REVIEWS AND ACTIONS OF FEDERAL 
AGENCIES.—All reviews conducted and actions taken by 
any Federal agency relating to a Critical Project shall be 
expedited in a manner consistent with completion of the 
necessary reviews and approvals by the deadlines under the 
Expedited Permitting Process, but in no way shall the 
deadlines established through the Expedited Permitting 
Process be binding on any Federal agency. 
(d) TRANSFER OF STUDY OF ELECTRIC RATES.—Sec-
tion 9 of the Consolidated and Further Continuing Appro-
priations Act, 2015 (48 U.S.C. 1492a) is amended— 
(1) in subsection (a)(5), by inserting ‘‘, except 
that, with respect to Puerto Rico, the term means, the 
Secretary of Energy’’ after ‘‘Secretary of the Inte-
rior’’; and 
(2) in subsection (b)— 
(A) by inserting ‘‘(except in the case of 
Puerto Rico, in which case not later than 270 
days after the date of enactment of the Puerto 
Rico Oversight, Management, and Economic 
Stability Act)’’ after ‘‘of this Act’’; and 
(B) by inserting ‘‘(except in the case of 
Puerto Rico)’’ after ‘‘Empowering Insular Com-
munities activity’’. 
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SEC. 506. JUDICIAL REVIEW. 
(a) DEADLINE FOR FILING OF A CLAIM.—A claim 
arising under this title must be brought no later than 30 
days after the date of the decision or action giving rise to 
the claim. 
(b) EXPEDITED CONSIDERATION.—The District Court 
for the District of Puerto Rico shall set any action brought 
under this title for expedited consideration, taking into ac-
count the interest of enhancing Puerto Rico’s infrastructure 
for electricity, water and sewer services, roads and bridges, 
ports, and solid waste management to achieve compliance 
with local and Federal environmental laws, regulations, 
and policies while ensuring the continuity of adequate serv-
ices to the people of Puerto Rico and Puerto Rico’s sustain-
able economic development. 
SEC. 507. SAVINGS CLAUSE. 
Nothing in this title is intended to change or alter any 
Federal legal requirements or laws. 
TITLE VI—CREDITOR 
COLLECTIVE ACTION 
SEC. 601. CREDITOR COLLECTIVE ACTION. 
(a) DEFINITIONS.—In this title: 
(1) ADMINISTRATIVE
SUPERVISOR.—The term 
‘‘Administrative Supervisor’’ means the Oversight 
Board established under section 101. 
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(2) 
AUTHORIZED
TERRITORIAL
INSTRUMEN-
TALITY.—The term ‘‘Authorized Territorial Instru-
mentality’’ means a covered territorial instrumen-
tality authorized in accordance with subsection (e). 
(3) CALCULATION AGENT.—The term ‘‘Calcula-
tion Agent’’ means a calculation agent appointed in 
accordance with subsection (k). 
(4) CAPITAL
APPRECIATION
BOND.—The term 
‘‘Capital Appreciation Bond’’ means a Bond that 
does not pay interest on a current basis, but for 
which interest amounts are added to principal over 
time as specified in the relevant offering materials for 
such Bond, including that the accreted interest 
amount added to principal increases daily. 
(5) 
CONVERTIBLE
CAPITAL
APPRECIATION 
BOND.—The term ‘‘Convertible Capital Appreciation 
Bond’’ means a Bond that does not pay interest on 
a current basis, but for which interest amounts are 
added to principal over time as specified in the rel-
evant offering materials and which converts to a cur-
rent pay bond on a future date. 
(6) INFORMATION AGENT.—The term ‘‘Informa-
tion Agent’’ means an information agent appointed 
in accordance with subsection (l). 
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