HI SB3066

Establishes the public-private finance initiative (PPFI) as a state agency within the Department of Business, Economic Development, and Tourism to develop and implement public-private partnerships for government infrastructure and facility projects.

Creates a five-member voting board including the comptroller, director of finance, director of BBEDT, and one member each appointed by the speaker of the house and president of the senate, plus one ex officio nonvoting aha moku advisory committee member.

Requires the PPFI to perform suitability tests comparing long-term leases to existing project delivery models for projects exceeding $60 million and mandates long-term maintenance and operations agreements in all public-private partnerships.

Limits the PPFI to planning and implementing only a pilot project on state lands, with the pilot terminating no later than October 1, 2017, and prohibits the PPFI from undertaking any other projects.

Appropriates funds from general revenues for fiscal year 2014-2015 to establish and operate the PPFI and fund three staff positions; effective date is July 1, 2050 with repeal on July 1, 2018.