HB 1109 IN

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Requires a governmental body to entertain more than one bidder before entering into a public-private agreement for a qualifying project. Provides that for both performance and payment bonds, the amount must be an amount not less than 100% of the cost to design and construct the qualifying project. Requires the operator to perform at least 30% of the work on the qualifying project. Requires the governmental body and the operator to provide full disclosure in the public-private agreement and to the public of any imputed interest rate regarding the qualifying project. Requires the governmental body to report to the department of local government finance the amount and duration of any availability payment related to the qualifying project. Requires the governmental body to hold a public comment hearing regarding the necessity of the qualifying project.

• Dave Heine Republican · author

1. Jan 8, 2024 First reading: referred to Committee on Government and Regulatory Reform · lower
2. Jan 8, 2024 Authored by Representative Heine · lower
3. Jan 16, 2024 Representative Miller D added as coauthor · lower
4. Jan 16, 2024 Representative Pressel added as coauthor · lower