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Bill > HB653
MS HB653
MS HB653Transportation funding; authorize public-private partnerships to include naming rights.
summary
Introduced
02/06/2020
02/06/2020
In Committee
05/12/2020
05/12/2020
Crossed Over
03/11/2020
03/11/2020
Passed
Dead
06/09/2020
06/09/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act To Provide That The Mississippi Department Of Transportation, A Political Subdivision Of The State Or A Municipality Of The State May Form A Public-private Partnership For A Highway, Road, Bridge Or Other Asset Improvement By Which The Department, Political Subdivision Or Municipality May Negotiate For Private Funding Assistance Toward A Highway, Road, Bridge Or Other Asset Improvement In Exchange For Naming Rights Of The Section Of Highway, Road, Bridge Or Other Asset For Which The Private Funding Assistance Was Provided; And For Related Purposes.
AI Summary
This bill authorizes the Mississippi Department of Transportation (MDOT), political subdivisions, or municipalities to enter into public-private partnerships for highway, road, bridge, or other asset improvements. The partnerships allow MDOT, political subdivisions, or municipalities to negotiate for private funding assistance in exchange for naming rights of the section of the highway, road, bridge, or other asset improvement where the private funding was provided. The bill also requires MDOT to adopt rules and regulations necessary for utilizing such public-private partnerships, and it takes effect on July 1, 2020.
Committee Categories
Transportation and Infrastructure
Sponsors (3)
Last Action
Died In Committee (on 06/09/2020)
Official Document
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