This bill amends Section 37-2-31 of the General Laws in Chapter 37-2, which pertains to state purchases, by establishing a framework for public-private partnerships (PPPs). It defines key terms related to PPPs, including "private partner," "public-private partnership agreement," and "value for money." The bill allows for the use of various types of contracts, including PPP agreements, to promote the best interests of the state.

It mandates that the chief purchasing officer within the Department of Administration develop rules by July 1, 2026, to evaluate, solicit, or enter into PPP agreements, ensuring that the process encourages their use while maintaining state oversight. The rules will be developed in consultation with relevant stakeholders, including contractors, design professionals, and labor organizations.

The bill outlines the requirements for requests for proposals related to PPPs, which must include detailed documentation on the responsibilities of both the private partner and the contracting agency, methods of oversight, evaluation factors, and an assessment of the value for money. It emphasizes that any private entity wishing to enter into a PPP must demonstrate its capability to fulfill its obligations.

Additionally, the bill states that all PPP agreements are subject to the provisions of the privatization of state services act as outlined in Chapter 148 of Title 42. This act will take effect upon passage.

Statutes affected:
5870: 37-2-31