In re: The Financial Oversight and Management Board for Puerto Rico
Published on:
November 4, 2020
Committee:
Court:
U.S. Court of Appeals
(First Circuit)
Amicus Issue:
Whether the security or property interest of bondholders and the monolines in excise tax revenues and toll revenues levied or collected by the Commonwealth specifically to repay the bond debt issued by the Commonwealth’s independent instrumentalities does not attach until after those revenues are deposited with the fiscal agent.
Counsel of Record:
Faegre Drinker Biddle & Reath LLP
Laura E. Appleby
Kyle R. Hosmer
Other Amici:
None.