The bill establishes a framework for a public-private partnership to develop, construct, operate, and maintain a hotel and conference center located in downtown 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, conference facilities for at least 1,000 attendees, food and beverage options, and adequate parking. 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 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 expresses the legislative intent that this partnership will enhance the amenities available at the state capitol complex for the benefit of Wyoming residents.

Statutes affected:
Introduced: 9-5-110