- An agency shall enter into an agreement for each public-private initiative that it accepts.
- An agency shall include terms and conditions in the agreement that it determines are appropriate in the public interest.
- If an agency achieves cost savings in a fiscal year by entering into a public-private initiative agreement, the agency shall be eligible to retain a portion of any cost savings resulting from the agreement as provided in section 24-38-103.
- An agency that enters into a public-private initiative agreement with a nonprofit entity is not a partner or a joint venturer with the nonprofit entity for any purpose.
Source: L. 2010: Entire part added, (HB 10-1010), ch. 90, p. 308, § 1, effective August 11.