FL S0900

Authorizes state universities and direct-support organizations to enter into public-private partnership agreements with private entities for development, construction, or operation of qualifying projects including educational facilities, housing, parking, research, and recreational facilities.

Establishes procurement procedures allowing unsolicited or solicited proposals, with the Board of Governors authorized to set reasonable application fees and a mandatory 21-120 day public notification period for unsolicited proposals before selecting a private entity.

Requires boards of trustees or direct-support organizations to conduct feasibility analysis addressing project need, financial viability, cost comparison, risk assessment, and staff qualifications before entering into agreements.

Mandates Board of Governors approval for all comprehensive agreements, with additional Governor and Cabinet approval required for agreements exceeding 10 years, involving over 10 percent up-front payments, creating debt, or expected to generate over $10 million in revenue.

Limits comprehensive agreement terms to 30 years maximum, prohibits pledging of general university revenues, requires performance bonds and liability insurance, and stipulates that private entity obligations do not obligate the state's full faith and credit.