HB4502 Summary

• Amends the Public-Private Partnerships for Transportation Act to add definitions for "design-build agreement" and "shortlist" process for evaluating private entity qualifications.

• Changes net proceeds from Department transportation projects from State Construction Account Fund to Road Fund; removes restriction on Toll Highway Authority entering into public-private agreements for roadway improvements.

• Requires public hearings within 30 days of submitting potential projects to General Assembly; establishes procurement procedures including mandatory shortlisting for design-intensive projects and equal opportunity provisions for public and private entities.

• Reduces maximum public-private agreement term from 99 years to 65 years and adds design-build-finance agreements as acceptable contract form.

• Removes language making transportation agencies subject to liens on revenues from private financing; requires equal contracting opportunities and identical terms for all private entities bidding on toll collection and maintenance services.