Public-Private Transportation Act; receipt of competing proposals, disclosure of business points. (SB977)

Introduced By

Sen. Louise Lucas (D-Portsmouth)

Description

Public-Private Transportation Act of 1995 and the Public-Private Education Facilities and Infrastructure Act of 2002; review of proposals; comprehensive agreements. Requires the responsible public entity to obtain the approval of each affected jurisdiction prior to the execution of a comprehensive agreement under the Public-Private Transportation Act of 1995 (PPTA) or the Public-Private Education Facilities and Infrastructure Act of 2002 (PPEA) whenever the development or operation of the qualifying transportation facility or project impacts local tax revenues or increases the fees or expenses that are paid by residents of the affected jurisdictions. The bill also (i) provides for the guidelines established by a responsible public entity under the PPTA to require that a final environmental impact study be completed prior to commencing project development and (ii) prohibits a comprehensive agreement under the PPTA from containing a non-compete or damage provision or any similar provision requiring additional payments to the private entity to recover reduced revenue due to improvements made by the Commonwealth to any other transportation facility. Read the Bill »

Outcome

History