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HI HR45
Resolution
Status
2/23/2012
Primary Sponsor
Henry Aquino
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AI Summary
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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.
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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.
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Highlights that public-private partnerships can provide non-governmental funding sources for public infrastructure and improve efficiency by bundling construction, maintenance, and operations.
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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.
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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