HB 2300 Summary

• Amends section 28-7705 of Arizona Revised Statutes to modify requirements for public-private partnership agreements involving transportation facilities.

• Changes security requirement language in subsection A(14) from "may" to "shall" regarding performance bonds, parent company guarantees, or letters of credit, and mandates these security amounts be 100 percent of the contract value instead of allowing less based on departmental discretion.

• Establishes a $10,000 civil penalty per violation for misuse or negligent securing of data accessed by private partners for toll enforcement purposes, with penalties deposited into the state general fund.

• Requires foreign private entities entering into agreements with ADOT to provide evidence of compliance with title 10, chapter 38 requirements.

• Prohibits private partners from seeking injunctive relief to prevent competing facilities that would impact revenues, though they may receive reasonable compensation for adverse effects on toll revenues from unplanned facilities.