FL S0576

Establishes statutory framework for public-private partnerships allowing private entities to develop, finance, and operate public-purpose facilities including schools, water/wastewater systems, and infrastructure with approval from responsible public entities.

Requires public entities to adopt guidelines governing project selection procedures, financial analysis, competitive bidding processes with minimum 45-day notice periods, and independent cost-benefit analyses before approval.

Mandates comprehensive agreements between public and private entities addressing performance bonds, maintenance standards, insurance requirements, fee structures, default procedures, and ultimate transfer of facility ownership to the public entity.

Allows private entities to impose user fees for facility access as established in agreements, with revenues regulated by public entities and a negotiated portion returned to the public entity over the agreement's life.

Preserves sovereign immunity for public entities and their officials regarding project approval and operation; effective July 1, 2012.