Before any agreements are executed, the commission must:
(1) Conduct a financial analysis that fully discloses all costs and cost estimates, including the costs of any financing, and all estimated project revenues; and
(2) Compare the department's internal ability to complete the project that documents the advantages of completing the project as a public-private partnership versus solely as a public venture.
The commission may undertake this analysis at any point in the solicited or unsolicited proposal process.
[Statutory Authority: RCW 47.29.030
. WSR 07-04-095, § 468-600-735, filed 2/6/07, effective 3/9/07.]