HB 1078 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 9, 2023 Authored by Representative Heine · lower
2. Jan 9, 2023 First reading: referred to Committee on Government and Regulatory Reform · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Introduced House Bill (H) · Jan 5, 2023 · PDF