Substitute Senate Bill No. 920 - Summary

• Limits public-private partnerships to the Department of Transportation and eligible projects involving transportation systems, transit-oriented development, and related infrastructure

• Governor may approve up to five public-private partnership projects prior to January 1, 2027, if projects result in job creation and economic growth

• Requires Commissioner of Transportation to make best efforts using department employees for development and inspection services, with consultant contracts mandating employee training in bidding and managing partnerships

• Establishes partnership agreement terms including maximum 50-year duration, performance standards, annual independent audits, prohibits tolls without General Assembly approval, and requires projects revert to state upon termination

• Mandates prevailing wage compliance, environmental requirements, small contractor set-asides, and property tax exemption for state property developed by private entities under partnership agreements