HB 1109

  • Indiana House Bill
  • 2024 Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Governance of public-private agreements.

Abstract

Requires a governmental body to entertain more than one bidder before entering into a public-private agreement for a qualifying project. Provides that for both performance and payment bonds, the amount must be an amount not less than 100% of the cost to design and construct the qualifying project. Requires the operator to perform at least 30% of the work on the qualifying project. Requires the governmental body and the operator to provide full disclosure in the public-private agreement and to the public of any imputed interest rate regarding the qualifying project. Requires the governmental body to report to the department of local government finance the amount and duration of any availability payment related to the qualifying project. Requires the governmental body to hold a public comment hearing regarding the necessity of the qualifying project.

Bill Sponsors (3)

Votes


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Actions


Jan 16, 2024

House

Representative Miller D added as coauthor

House

Representative Pressel added as coauthor

Jan 08, 2024

House

First reading: referred to Committee on Government and Regulatory Reform

  • Reading-1
  • Referral-Committee
Government and Regulatory Reform

House

Authored by Representative Heine

Bill Text

Bill Text Versions Format
Introduced House Bill (H) PDF

Related Documents

Document Format
Fiscal Note: HB1109.01.INTR.FN001 PDF

Sources

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