Bill > HB190

This bill allows public partners, which are state agencies or local public bodies, to enter into public-private partnership agreements with private partners, which can be individuals, corporations, or other private business entities, for the development and operation of public projects. The bill defines key terms such as "concession," "public-private partnership agreement," and "public project," and outlines the process for soliciting proposals, including handling unsolicited proposals. The bill also requires the Board of Finance Division of the Department of Finance and Administration to promulgate rules for public-private partnership agreements, review and approve such agreements, and provide oversight of the performance of public projects under these agreements.

Justice, Transportation and Infrastructure

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=190&year=24