Puerto Rico Senate hearing flags legal, financial and transparency risks in Luma/UMA contract
Senate committee witnesses and senators raised concerns that the Luma/UMA management contract could put public funds and FEMA reimbursements at risk, set weak financial guarantees, allow contract termination after declared disasters, and lack transparency and adequate conflict‑of‑interest safeguards.
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A Puerto Rico Senate committee hearing reviewed the Luma/UMA management contract and aired multiple concerns about legal exposure, financial protections and transparency.
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