SB 474
Permits institutions of higher education to enter into long-term concessions with private partners
Sponsor:
LR Number:
2379S.01I
Committee:
Last Action:
4/10/2019 - SCS Voted Do Pass S Education Committee (2379S.03C)
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2019

Current Bill Summary

SCS/SB 474 - Under this act, institutions of higher education shall be permitted to enter into long-term concessions, which shall include a license or lease for the development, finance, operation, or maintenance of a project, with a private developer to construct, finance, operate, and maintain a project, in exchange for annual payments.

Nonperformance shall result in the abatement of such agreement.

This act is identical to a provision contained in SS/HCS/HB 1088 (2019), and is substantially similar to HB 1099 (2019).

JOSIE BUTLER

Amendments

No Amendments Found.