HB955: Public-Private Education Facilities & Infrastructure Act of 2002; definition of qualifying projects.

Chief Patron

Sam Nixon (R-Richmond)
Served: 1994–

Progress

☑	Introduced
☑	Passed Committee
☑	Passed House
☑	Passed Senate
☑	Signed by Governor
☑	Became Law

Status

03/27/2008: signed by governor
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Summary

Public Private Education Facilities and Infrastructure Act of 2002; technology projects; gain sharing. Authorizes a responsible public entity (RPE) to include a gain-sharing component in any interim or comprehensive agreement for a qualifying project consisting of technology infrastructure, services or applications. “Gain sharing” is defined as a provision of an interim or comprehensive agreement where the RPE and the private entity agree to share a percentage of any savings that are realized and that can be attributed to the efforts of the private entity. The bill also allows an RPE to request the Public-Private Advisory Commission to perform a preliminary review of an unsolicited proposal for a technology-related qualifying project anticipating substantial savings to the responsible public entity and includes a gain-sharing component providing for the private entity to share in a percentage of the savings. In addition, the bill includes technology applications in the definition of “qualifying project.”

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