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2008 SESSION

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HB 627 PPTA; private entity to pay costs for independent audit of all traffic and cost estimates.

Introduced by: Joe T. May | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

PPTA. Requires, for projects undertaken under the Public-Private Transportation Act of 1995 (PPTA) that have an estimated construction cost in excess of $50 million, the responsible private entity to pay the costs for an independent audit of any and all traffic and cost estimates associated with the private entity's proposal, as well as a review of all public costs and potential liabilities to which taxpayers could be exposed. This independent audit must be conducted by an independent consultant selected by the responsible public entity, and all information from the review must be fully disclosed.


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