Bill > S2069

This bill provides for alternative delivery of infrastructure projects through public-private partnerships (P3s). It allows public agencies, such as municipalities, redevelopment authorities, and water/sewer districts, to enter into P3 agreements with private entities for the lease, operation, maintenance, repair, or replacement of eligible projects, which include public water supply, wastewater treatment, storm water, and flood control facilities. The bill outlines the procedures for soliciting and evaluating proposals, negotiating the P3 agreement, and the key provisions that must be included, such as performance guarantees, liability insurance, and termination rights. It also authorizes the use of bonds and other financing mechanisms to fund these P3 projects.

Government Affairs

https://malegislature.gov/Bills/193/S2069