Governance of public-private agreements.

Latest bill text (Comm Sub) [PDF]


Governance of public-private agreements. Requires a governmental body to entertain more than one bidder before entering into a public-private agreement for a qualifying project. Provides that for both performance and payment bonds, the amount must be an amount not less than 100% of the cost to design and construct the qualifying project. Requires the operator to perform at least 30% of the work on the qualifying project. Requires the governmental body and the operator to provide full disclosure in the public-private agreement and to the public of any imputed interest rate regarding the qualifying project. Requires the governmental body to report to the department of local government finance the amount and duration of any availability payment related to the qualifying project. Requires the governmental body to hold a public comment hearing regarding the necessity of the qualifying project.


Authored by Representative Heine

Fiscal Outlook

Title Description Date View
Fiscal NoteFiscal Note #1: Introduced2024-01-04 Click To View


Date Chamber Action
2024-01-16HouseRepresentative Pressel added as coauthor
2024-01-16HouseRepresentative Miller D added as coauthor
2024-01-08HouseFirst reading: referred to Committee on Government and Regulatory Reform
2024-01-08HouseAuthored by Representative Heine