MN SF2243

Authorizes the commissioner of transportation to use public-private partnership (PPP) procurement methods for up to three pilot projects if objective analysis demonstrates better long-term value than traditional procurement.

Establishes an independent advisory and oversight committee consisting of the commissioner of management and budget, legislative auditor, and representatives from engineering and transportation industry groups to review and approve proposed projects and contracts.

Restricts PPP agreements to competitive selection processes, prohibits noncompete agreements that inhibit state infrastructure needs, requires return of transferred infrastructure to the state after specified periods, and limits partnerships to new projects only.

Requires public-private agreements to specify project responsibilities, term length, property interests, maintenance standards, user fees, compliance requirements, termination grounds, and amendment procedures, with optional provisions for insurance, financial reporting, and traffic documentation.

Directs the commissioner to submit annual reports to legislative committees by August 1 detailing all executed PPP agreements, including contracting entities, contract amounts and duration, repayment requirements, and project progress.