This bill authorizes the establishment of a public-private partnership for the development, construction, operation, and maintenance of a hotel and conference center located in Cheyenne, Wyoming. The project will be situated on a specified parcel of land and must include at least 200 lodging rooms, conference facilities for 1,000 attendees, food and beverage options, and adequate parking. The Department will solicit bids for the project, evaluating bidders based on their plans, business practices, and past performance in similar projects. The public-private partnership agreement will outline the responsibilities of both the state and the selected partner, including financial arrangements and oversight provisions.

Additionally, the bill allows the state treasurer to invest up to 90% of the total design and construction costs using permanent state funds for the project. All revenues generated from the hotel and conference center will be directed to the public school foundation program account. The Department and the state treasurer are required to report annually to the joint appropriations committee and the select committee on capital financing and investments regarding the project's construction, operation, and financial investments. The bill also includes a conforming amendment to existing law and expresses the legislative intent that the project will provide public benefits to the state of Wyoming.

Statutes affected:
Introduced: 9-5-110