SB1919 Summary: Public-Private Partnership Act

• Creates the Public-Private Partnerships Act to authorize public entities to enter into agreements with private entities for development, financing, and operation of qualifying infrastructure projects in a more timely and cost-effective manner.

• Establishes the Infrastructure Investment Commission with a 7-member board appointed by the Governor to provide technical assistance, track P3 projects, develop project development funds, and promote best practices for public-private partnerships.

• Allows responsible public entities to receive and evaluate unsolicited proposals from private entities through a competitive process requiring publication of notice and a minimum 21-120 day period for competing proposals.

• Permits public-private agreements for various project types including transportation, utilities, facilities, and services, with flexible terms for development, financing, and operation up to 75 years, including provisions for user fees and toll collection.

• Makes conforming changes to the Freedom of Information Act and Public Funds Investment Act to allow treatment of certain P3 proposal information as confidential and authorize public agencies to invest in qualifying P3 projects.