As used in this part 12, unless the context otherwise requires: “Private contribution” means the supply by a private entity of resources to accomplish all or any part of the work on a transportation system project, including funds, financing, income, revenue, cost sharing, technology, staff, equipment, expertise, data, or engineering, construction, or maintenance services. “Public […]
Notwithstanding any other law, the department may: Solicit and consider proposals, enter into agreements, grant benefits, and accept contributions for public-private initiatives pursuant to this part 12 concerning any of the following: Use of advanced transportation technologies for traveler information services; Systems for road weather information, safety warning, advanced traffic management, information broadcasting, real-time transit […]
The department may consider, evaluate, and accept an unsolicited proposal for a public-private initiative only if the proposal complies with all of the requirements of this section. The department may consider an unsolicited proposal only if the proposal: Is innovative and unique; Is independently originated and developed by the proposer; Is prepared without department supervision; […]
The department shall enter into an agreement for each public-private initiative. The department shall include terms and conditions in the agreement that it determines are appropriate in the public interest and to protect highway and traffic safety. The agreement may provide that: The private entity may pledge the transportation system project or the right-of-way involved […]
The department shall deposit any private contribution of money and any department share of revenue or income resulting from a transportation system project, if any, in the state highway supplementary fund created in section 43-1-219. The department shall use the contributed moneys for transportation purposes. Source: L. 95: Entire part added, p. 260, § 2, […]
The transportation commission created pursuant to section 43-1-106 shall adopt rules that it determines are necessary or appropriate to implement this part 12, including rules on the solicitation and evaluation of public-private initiatives, initiative agreements, private contributions, public benefits to be granted in exchange for contributions, and the receipt, content, and proper handling of unsolicited […]
This part 12 is subject to applicable state and federal laws to the extent that such laws authorize the use of public highways by any public or private entity. Source: L. 95: Entire part added, p. 260, § 2, effective April 17.
The department or the private entity responsible for funding a public-private initiative under this part 12 may forward the agreement and a description of the investment opportunity for such initiative to any of the following for consideration under their respective statutory authority: The board of trustees of the public employees’ retirement association created under section […]
