Bill
Bill > HB1080
MS HB1080
MS HB1080Toll roads; revise maximum length of time for public private partnership agreement.
summary
Introduced
02/17/2020
02/17/2020
In Committee
05/11/2020
05/11/2020
Crossed Over
03/05/2020
03/05/2020
Passed
06/30/2020
06/30/2020
Dead
Signed/Enacted/Adopted
07/07/2020
07/07/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act To Amend Section 65-43-3, Mississippi Code Of 1972, To Revise The Toll Road Laws Regarding Public Private Partnerships To Allow For Extensions, Automatic Renewals Or Other Contractual Terms Agreed To By The Governmental Entity As Exceptions To The Maximum Contract Period Of 50 Years; And For Related Purposes.
AI Summary
This bill amends Mississippi's toll road laws to allow for extensions, automatic renewals, or other contractual terms agreed to by a governmental entity as exceptions to the maximum 50-year contract period for public-private partnership agreements. It also clarifies that rights or interests arising from such contracts do not constitute ownership of the toll road or related property, which remains with the state or contracting governmental entity. The bill aims to provide more flexibility in the terms of these public-private partnerships for toll road projects.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
Approved by Governor (on 07/07/2020)
Official Document
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