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HI HR45

Resolution

Status

Introduced

2/23/2012

Primary Sponsor

Henry Aquino

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Origin

House of Representatives

2012 Regular Session

AI Summary

  • Expresses support for infrastructure investment funds as a mechanism for institutions and individuals to invest in public-private partnerships for building and repairing government facilities and systems.

  • Identifies infrastructure investment funds as stable, long-term assets with inflation protection that can appeal to pension and superannuation plans seeking attractive risk-to-return profiles.

  • Highlights that public-private partnerships can provide non-governmental funding sources for public infrastructure and improve efficiency by bundling construction, maintenance, and operations.

  • Notes that infrastructure investment funds can target gross returns of 10-14 percent and support responsible contractor policies including unionized workforces and proper safety protocols.

  • Directs transmission of certified copies to the Governor, Director of Commerce and Consumer Affairs, Director of Finance, and Director of Transportation.

Legislative Description

Infrastructure Investment Fund; Public-Private Partnerships; Construction; Investment; Pensions

Last Action

(H) Referred to ERB, LAB, FIN, referral sheet 38

3/1/2012

Committee Referrals

Economic Revitalization & Business3/1/2012

Full Bill Text

No bill text available