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Thursday, April 21, 2016

Puerto Rico News Digest For April 21, 2016


LACK OF FUNDS JEOPARDIZE PRIMARIES


















From The San Juan Daily Star:

"With local primary elections less than three months away, State Elections
Commission (SEC) President Liza García warned on Monday that if the
Treasury Department doesn’t pay the suppliers that provide the ballots there
is no guarantee the June primaries can be held. García said she needs a $1.9
million disbursement to be made “yesterday” for the initial payment on the
ballots. “What we need, with urgency, is for the Treasury Department to pay
the suppliers to make sure that the primaries are not in doubt,” García said in
a radio interview, adding that the total cost of the ballots is some $4.2 million..."


SUAREZ: GOVERNOR WILL FILL GDB VACANCIES


From Caribbean Business:

"The executive director of the newly established Puerto Rico Fiscal Agency
& Financial Authority, Victor Suárez, announced Wednesday that the gover-
nor will shortly fill the vacancies in the Board of Directors of the Government
Development Bank (GDB) to ensure the bank’s continuing operations. Recen-
tly, bankers Fermín Contreras and Iván Méndez resigned from the GDB board,
effective April 21. Shortly before that, Treasury Secretary Juan Zaragoza resig-
ned as well, citing a potential conflict of interest. Remaining on the board are
GDB President & Chairwoman Melba Acosta and Economic Development Se-
cretary Alberto Bacó Bagué..."


PRASA SELLS PROPERTIES TO RAISE CASH


From News Is My Business:

"The Puerto Rico Aqueduct and Sewer Authority has identified and will
be selling three properties in San Juan, Guaynabo and San Juan worth a
combined $2.8 million to inject cash into its coffers, agency Executive
Director Alberto Lázaro said Tuesday. One of the properties, known as
the former McCraken warehouse and garage in San Juan, will be sold to
the Puerto Rico Industrial Development Co., which has asked PRASA to
use the $2.72 million from the transaction to pay down a debt with Honey-
well, he said..."


FL MURDER SUSPECT ARRESTED IN TOA BAJA


From Bay 9 News:

"A suspect wanted in a homicide in St. Petersburg has been arrested in Puerto
Rico...in the murder of Shermaun Akins. Akins, 32, was found dead in the par-
king lot of the Alta Mar at Broadwater Apartments on April 7...Akins reported-
ly died of upper body trauma. Jimenez was arrested on Monday evening in the
city of Toa Baja, Puerto Rico, at a family member's residence..."


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