The bill amends Section 37-2-31 of the General Laws in Chapter 37-2, titled "State Purchases," to establish a framework for public-private partnerships (PPPs) in state procurement. It introduces several definitions, including "private partner," "public-private partnership agreement," and "value for money," which are essential for understanding the roles and responsibilities of the parties involved. The bill allows for the use of various contract types that serve the state's best interests, specifically highlighting the inclusion of public-private partnership agreements.

It mandates that by July 1, 2026, the chief purchasing officer must promulgate rules for state agencies to evaluate, solicit, or enter into public-private partnership agreements, ensuring that the process promotes and encourages their use. The chief purchasing officer is required to consult with relevant professionals during the development of these rules.

The bill outlines that state agencies utilizing public-private partnerships must maintain oversight of any functions delegated to private partners. It specifies the minimum requirements for requests for proposals related to these partnerships, including the parameters of the proposed agreement, the duties and responsibilities of the private partner, methods of oversight, evaluation factors, and a value-for-money analysis conducted by a subject matter expert.

Additionally, it requires that any public-private partnership agreements comply with the provisions of the privatization of state services act and other relevant contracting requirements. Overall, this legislation aims to enhance the efficiency and effectiveness of state procurement through the strategic use of public-private partnerships.

Statutes affected:
5870: 37-2-31