CO SB172

Increases the High-Performance Transportation Enterprise (HPTE) board from 7 to 8 members by adding the executive director of the Department of Transportation as an ex officio nonvoting member; newly appointed members require Senate confirmation and serve 4-year terms with one reappointment allowed.

Requires the HPTE to hold public town hall meetings at the visioning stage, before preparing a request for proposal, and after preparing a draft request for proposal for any public-private partnership project, with full notice to affected legislators, local governments, and the public.

Mandates the HPTE to provide all public-private partnership agreement terms to transportation committees in the General Assembly and post them on its website; requires consideration of public input at meetings.

Requires projects with high-occupancy vehicle lanes, high-occupancy toll lanes, or managed lanes to evaluate express bus service or bus rapid transit funding options and spend a minimum of 10% of net user fee revenues on transit in the project corridor.

Modifies annual reporting requirements to include detailed information on current projects, public-private partnership terms (including toll rates, noncompete agreements, performance guarantees, and cost breakdowns), and proposed future projects; requires separate enterprise presentation to legislative committees by November 1 annually.

Allows the state auditor to conduct performance audits of the HPTE at the discretion of the legislative audit committee.