Legislative Reports on Estimates of Expenses and Impacts on Revenues of Bills and Laws Under PROMESA Act

This bill requires Puerto Rico's Legislature Budget Office to proactively send the Oversight Board formal reports estimating expenses and revenue impacts for bills the Legislature approves. These reports must be considered by the Oversight Board when evaluating fiscal plans under the PROMESA Act. The bill modifies PROMESA to include these legislative reports in the Oversight Board's review process, directly affecting how the Legislature and Oversight Board coordinate fiscal analysis. It does not create new financial policies but streamlines existing information sharing.