1175-S AMH HASE MALK 072

SHB 1175 - H AMD 469

By Representative Hasegawa

ADOPTED 03/25/2011

    On page 9, beginning on line 2, after "crossing." strike "At a minimum, for each project the study must evaluate whether public-private partnerships are in the public interest, including the advantage and disadvantage of risk allocation and the effects of private versus public financing on the state's bonding capacity, and the study must identify the funding models that are most advantageous to the state." and insert "At a minimum, the study must define the public interest for each of the projects, and it must evaluate for each project the possibility of retention of public ownership of the asset, the lowest cost and best-value model for the project, and the process that would allow for the most transparency during the negotiation of terms of any public-private partnership.  The study must evaluate whether public-private partnerships serve the defined public interest, including the advantage and disadvantage of risk allocation, the effects of private versus public financing on the state's bonding capacity, the state’s ability to retain public ownership of the asset, and the state’s ability to oversee the private entity’s management of the asset.  In addition, the study must identify the funding models that best protect the defined public interest."

EFFECT:  Changes certain requirements for a Joint Transportation Committee study that evaluates the potential for financing state transportation projects using innovate financing methods, including public-private partnerships. Adds requirements related to evaluating retention of public ownership of the asset, providing a process that allows for transparency in negotiating contracts, evaluating the state's ability to oversee management of the asset, and defining the public interest.

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