summary
Introduced
02/05/2026
02/05/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Capital Development Board Act. Provides that the Capital Development Board may enter into contracts and manage construction projects pursuant to a public-private partnership agreement on behalf of an institution of higher education or a State agency, excluding the Department of Corrections, if the State agency or institution of higher education is authorized by statute or otherwise permitted to enter into a public-private partnership agreement.
AI Summary
This bill amends the Capital Development Board Act to allow the Capital Development Board (CDB), which is the state agency responsible for managing construction projects for state government, to enter into contracts and manage construction projects through public-private partnership agreements. A public-private partnership is a collaboration between a government agency and a private-sector company to finance, build, and operate public infrastructure projects. This authority is granted to the CDB on behalf of institutions of higher education (like universities) and other state agencies, with the exception of the Department of Corrections, provided that those institutions or agencies are already legally allowed to enter into such agreements. The CDB will also be able to create rules to help implement this new provision.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
To Procurement (on 02/18/2026)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...