Pedro Pierluisi, Governor of Puerto Rico, et al. v. Financial Oversight and Management Board for Puerto Rico
AdministrativeLaw ERISA Securities
1. What standard of review governs a district court's evaluation of the Board's determination that Puerto Rican legislation "would impair or defeat the purposes of" PROMESA, id. § 2128(a)(2), and its review of that legislation for consistency with the fiscal plan, id. § 2144(a)?
2. Does this standard of review require the Board to reasonably and contemporaneously explain its decisions without relying on post-hoc justifications?
3. Did the court of appeals err in affirming the Title III Court's holding that the Board's determinations regarding Acts 47, 82, 138, and 176 were not arbitrary and capricious?
What standard of review governs a district court's evaluation of the Board's determination that Puerto Rican legislation 'would impair or defeat the purposes of' PROMESA, and its review of that legislation for consistency with the fiscal plan?