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We are part of The Trust Project
Waiting for a federal decision
The Puerto Rican government seeks that the Board becomes the ‘trustee’
Archival note
This content was published more than 5 years ago.
26 de abril de 2024
78°nubes dispersas
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Washington - The government of Puerto Rico is waiting for answers from the U.S. Department of Education and the Oversight Board regarding its proposal to leave the fiduciary agent responsibilities in the hands of the fiscal entity. The U.S. Department of Education ordered the Puerto Rican government to hire an external entity –kind of a trustee- to manage the nearly $ 650 million in federal education funds.
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