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2005 SESSION
SB 1107 Public Private Education Facilities and Infrastructure Act of 2002; changes in provisions.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Public Private Education Facilities and Infrastructure Act of 2002. Makes several revisions to the Public Private Education Facilities and Infrastructure Act of 2002 (PPEA).The bill authorizes the establishment of an interim agreement to provide for partial planning and development activities while other aspects of a qualifying project are being negotiated and analyzed. The bill also (i) requires the adoption of formal timelines for the review of proposals and outlining the process for review, (ii) provides for accelerated review for priority projects, and (iii) adds factors that a responsible public entity may consider when selecting proposals. In addition, the bill provides for the Chairs of the Senate and House General Laws Committees to convene a work group to revise the current model guidelines by September 30, 2005.
SUMMARY AS INTRODUCED:
Public Private Education Facilities and Infrastructure Act of 2002. Requires responsible public entities (RPEs) to adopt procedures establishing an accelerated review mechanism for high priority projects with a dedicated revenue source involving complex financing plans and for less complicated projects involving simpler financing arrangements under the Public-Private Transportation Act (PPTA). The bill also authorizes (i) RPE's to enter into comprehensive agreements with multiple private entities, (ii) pre-development agreements between the RPEs and private entities, and (iii) negotiation of developers’ fees, management fees, and similar financial incentives to attract private sector investment.