Bill > HB1128

This bill enhances the governance of public-private agreements (P3 projects) by introducing several new requirements for governmental bodies. Before issuing a request for proposal, the governmental body must hold a public comment hearing with at least 10 days' advance notice, published in a local newspaper, to discuss the necessity of the qualifying project. After selecting an operator but before project development begins, the governmental body must consult with an external entity specializing in public financial planning, which will produce a publicly available report verifying the project's financial feasibility. The bill mandates that performance and payment bonds must cover at least 100% of the project's design and construction costs. Additionally, the public-private agreement must now include full disclosure of any imputed interest rates, which must be published in a local newspaper, and requires the governmental body to report the amount and duration of availability payments to the department of local government finance. These provisions aim to increase transparency, public involvement, and financial accountability in public-private infrastructure projects by ensuring more comprehensive review and disclosure of project details and financial arrangements.

Labor and Employment

https://iga.in.gov/legislative/2025/bills/house/1128/details