Public-private partnership bill passes the House

Source: Jonathan Greene, Richmond Register, February 12, 2016

A bill that would allow the state and local governments in Kentucky to complete large-scale projects with assistance from the private industry has cleared the House. If House Bill 309 should become law, it would provide the regulatory framework for those entities to enter into public-private partnerships. For the state, there would be required public postings, hearings, and legislative oversight, and no project costing $25 million or more could be done without the General Assembly’s authority.  Local governments would largely mirror the same process, an LRC release stated Friday. …