The bill establishes a framework for a public-private partnership to develop, construct, operate, and maintain a hotel and conference center located in Cheyenne, Wyoming. It defines the specific parcel of land for the project and outlines the requirements for the hotel, including a minimum of 200 rooms and conference facilities capable of accommodating at least 1,000 attendees. The Department is tasked with soliciting bids for the project, considering various factors such as the bidder's experience and financial proposals. The public-private partnership agreement must include terms regarding the responsibilities of both the state and the selected partner, as well as provisions for state oversight and access to information.

Additionally, the bill allows the state treasurer to invest up to 90% of the total design and construction costs using permanent state funds, with all revenues generated from the hotel and conference center 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 performance. The bill also amends existing law to include the new section on the hotel and conference center and expresses the legislature's intent that this partnership will provide public benefits to the state.

Statutes affected:
Introduced: 9-5-110