Bill > SB3066

This bill establishes the Public-Private Finance Initiative (PPIA), a new agency within the department of business, economic development, and tourism, to explore public-private partnerships (PPPs) as a way for the government to deliver services and facilities more effectively, especially during challenging economic times. The PPIA will be led by a board and will be responsible for identifying suitable projects, conducting analyses, entering into agreements with private entities, and managing these projects, which can include planning, construction, rehabilitation, and maintenance of real property or energy facilities. The bill mandates that the PPIA initiate a pilot project on state lands to test these partnerships, with this pilot project set to terminate by October 1, 2017. It also appropriates funds for the establishment and operation of the PPIA and for three staff positions. Importantly, the bill states that the initiative will be effective on July 1, 2050, but will be repealed on July 1, 2018, creating a temporal contradiction in its implementation.