Notice: Undefined offset: 0 in /var/www/vhosts/uschamberpartners.com/httpdocs/includes/modules/meta_data.php on line 41
 

Take Action

ContactLeg

AN ACT relating to financing of public-private partnerships. Amend KRS 45A.030 and 45A.075 and create a new section of KRS Chapter 45A to define "public-private partnership" and "private partner"; allow the use of a public-private partnership as an alternative method to finance a project; provide for evaluation and oversight, and ratification by the General Assembly; amend KRS 65.025 and create a new section of KRS Chapter 65 to allow the use of a public-private partnership by local governments; provide for evaluation and oversight; provide for a model system for the use of a public-private partnership to be developed; require use of the model and approval by the Finance and Administration Cabinet before a local government can utilize a public-private partnership; create a new section of KRS Chapter 175B and amend KRS 175B.005, 175B.010, 175B.020, 175B.030, 175B.035, 175B.040 and 175B.095 to define "public-private partnership"; and "private partner"; allow the use of a public-private partnership by an authority to provide an alternative structure for developing and financing a major transportation project.

Loading...

Sponsor

  • L. Combs
  • S. Overly
  • R. Adkins
  • R. Benvenuti III
  • R. Bunch
View More