Contract Review
The FOMB Contract Review Policy is established pursuant to Section 204(b)(2) of PROMESA to require prior FOMB approval of certain contracts to assure that they “promote market competition” and “are not inconsistent with the approved fiscal plan.” This Policy applies to any contract that is proposed to be entered into by the Commonwealth (which includes the Executive, Legislative and Judicial branches of government) or any covered instrumentality at the discretion of the Oversight Board. The policy was updated by the Oversight Board on April 30th, 2021, click here.
Temporary Power Generation Contract Documents
The documents posted here provide information about the contract between the Puerto Rico Electric Power Authority (PREPA), Power Expectations LLC, Enchanted Rock LLC, and Reyes Contractor LLC to deploy, install, operate, and maintain temporary power generation units.
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| Entity | Counterpart | Amount | Status | Completed | Document |
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