WEST virginia legislature
2022 regular session
Introduced
House Bill 4531
By Delegates Hanshaw (Mr.
Speaker) and Skaff
[By Request of the Executive]
[Introduced February 03, 2022; Referred to the Committee on Government Organization then Finance]
A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §11-13A-6b; and to amend and reenact §17-27-3, §17-27-4, §17-27-5, §17-27-7, §17-27-8, §17-27-9, §17-27-11, §17-27-13, §17-27-14, §17-27-15, and §17-27-16 of said Code, all relating to encouraging public-private partnerships related to transportation facilities; providing coal severance tax escrow fund for the state portion of coal severance taxes paid on a public-private transportation facility; authorizing Division of Highways to repay collected tax in escrow to the private entities; cleaning up antiquated language; clarifying the roles of the division, public entities, and developers; simplifying the public-private partnership review process; clarifying that the Commissioner of the Division of Highways may approve or modify the division’s rankings, authorize negotiations and a comprehensive agreement with the highest ranking developer, or reject all proposals; providing that the division is not obligated to accept, consider or review unsolicited conceptual proposals, but may choose to do so; providing that no obligation or liability attach to either party if they are unable to reach an agreement; providing that the division may negotiate a comprehensive agreement with the next-highest-ranked developer if an agreement cannot be reached with the highest ranked developer; clarifying the extent to which the division may utilize condemnation if it is found the project serves a public purpose or the developer is in material default; and exempting public-private partnership agreements from statutory government construction contract requirements.
Be it enacted by the Legislature of West Virginia:
CHAPTER 11. TAXATION.
ARTICLE 13a. severance and business privilege tax act
§11-13A-6b. Severance tax on coal extracted incident to highway construction performed under §17-27-1 et seq. of this code.
(a) Notwithstanding any other provision of this code, severance tax paid on coal extracted incident to the construction of any highway financed, in whole or in part, by this state or any agency of the government of the United States, and subject to the provisions of 30 CFR §912.707 or §22-3-26 of this code shall be deposited on a quarterly basis by the Tax Commissioner in a special fund in the State Treasury to be managed by the Commissioner of Highways and held in escrow until such time as the conditions specified in this section are complied with.
(b) Coal severance tax subject to escrow.
(1) The severance tax subject to escrow under this section includes:
(A) The 4.65 percent state portion of severance tax on coal imposed under $11-13A-3 of this code, and
(B) The 1.65 percent state portion of the coal severance tax on coal extracted from seams having a thickness of 37 to 45 inches, and
(C) The 0.65 percent state portion of the coal severance tax on coal extracted from seams having a thickness of less than 37 inches, and
(D) The 2.65 percent state portion of the coal severance tax on thermal coal imposed under §11-13A-3(b) of this code, and
(E) If the minimum severance tax set forth in §11-12B-1 et seq. of this code is paid or due owing and payable, the minimum severance tax.
(c) Coal severance tax not subject to escrow. The severance tax on coal imposed under §11-13A-3 and §11-13A-6 of this code for the benefit of counties and municipalities may not be subject to escrow under this section, but shall be distributed for the benefit of counties and municipalities as mandated by law.
(d) The moneys accumulated in escrow pursuant to the provisions of this section shall be paid to each participant in a public-private partnership related to transportation facilities under §17-27-1 et seq. of this code.
(e) The amount paid to each such private entity shall be equal to the severance tax paid by each entity that was deposited in into the escrow fund, with interest at the statutory rate of interest on tax overpayments established under the West Virginia Tax Procedure and Administration Act, §11-10-1 et seq. of this code.
(f) Moneys to be paid out of the escrow fund to each such private entity shall only be paid when the Commissioner of Highways has certified that:
(1) All contracted work of the private entity for construction of the highway, which yielded the coal extracted incident to the construction has been satisfactorily completed, and that the work meets all applicable highway construction standards.
(2) All Taxes due and owing to this state by the private entity have been paid.
(3) All rights of way relating to the highway have been satisfactorily settled.
(4) All subcontractors, laborers and obligees of the private entity have been properly paid.
(5) All legal and contractual obligations undertaken by the private entity under §17-27-1 et seq. of this code have been satisfactorily fulfilled.
(6) The private entity is in compliance with all state and federal laws applicable to the construction project.
(g) Upon a determination by the Commissioner of Highways that moneys in the escrow fund may not be paid, or that the moneys have remained unpaid for a period of not less than one year, the moneys shall be removed from the escrow fund and paid into the General Fund.
CHAPTER 17. roads and highways
ARTICLE 27. PUBLIC-PRIVATE TRANSPORTATION FACILITIES ACT.
§17-27-3. Prerequisites for development.
Any private entity seeking
authorization under this article to acquire, construct or improve a
transportation facility shall first submit a conceptual proposal as set forth
in §17-27-5 of this code. Provided, That notwithstanding any
provision of this code to the contrary, the division has no duty to accept,
consider or review a conceptual proposal that is not solicited by the division.
The private entity may initiate the approval process pursuant to subsections
(a) and (b) of said section or the division may alternatively request proposals
pursuant to subsection (c) of said section
§17-27-4. Powers and duties of the division and other agencies that are part of the department.
In addition to the powers and duties set forth elsewhere in this code, the division and any other agency that is part of the department may:
(1) Undertake one level
of review for each proposal Review proposals submitted by a
private entity entities in accordance with this article. The
review shall consist of the review by the division of the conceptual proposal: Provided,
That expenses of the division incurred for review of proposal shall be paid by
the private entity submitting the proposal The division shall take into
account at all times the needs and funding capabilities of the state as a whole
in terms of transportation;
(2) Enter into agreements, contracts or other transactions with any agency that is part of the department, as well as any federal, state, county, municipal agency, or private entity;
(3) Act on behalf of the
state and represent the state in the planning, financing, development, and
construction of any transportation facility for which solicited
proposals have been received in accordance with the provisions of this article,
with the concurrence of the affected public entity. Other public entities
in this state shall cooperate to the fullest extent with what the division
considers appropriate to effectuate the duties of the division;
(4) Exempt from disclosure any sensitive business, commercial or financial information that is not customarily provided to business competitors that is submitted to the division for final review and approval;
(5) Exempt from disclosure
any documents, communications or information described in this section
including, but not limited to, the project's design, management, financing, and
other details in accordance with the provisions of §29B-1-1 et seq.
of this code; and
(6) Do any and all things necessary to carry out and accomplish the purposes of this article.
§17-27-5. Submission and review of conceptual proposals; approval by the Commissioner of Highways.
(a) The division may
solicit, or A a private entity may submit in writing,
a solicited conceptual proposal for a transportation facility to the
division for consideration. The conceptual proposal shall include the
following:
(1) A statement of the private entity’s qualifications and experience;
(2) A description of the proposed transportation facility;
(3) A description of the financing for the transportation facility; and
(4) A statement setting forth the degree of public support for the proposed transportation facility, including a statement of the benefits of the proposed transportation facility to the public and its compatibility with existing transportation facilities.
(b) Following review by
the division, the division shall submit to the Commissioner of Highways the
conceptual proposals and priority ranking for review for final selection
(c) (b) The conceptual proposal shall be
accompanied by the following material and information unless waived by the
division with respect to the transportation facility or facilities that the
private entity proposes to develop as a qualifying transportation facility:
(1) A topographic map (1:2,000 or other appropriate scale) indicating the location of the transportation facility or facilities;
(2) A description of the transportation facility or facilities, including the conceptual design of the facility or facilities and all proposed interconnections with other transportation facilities;
(3) The projected total life-cycle cost of the transportation facility or facilities and the proposed date for acquisition of or the beginning of construction of, or improvements to, the transportation facility or facilities;
(4) A statement setting
forth the method by which the developer private entity proposes
to secure all property interests required for the transportation facility or
facilities: Provided, That with the approval of the division, the
private entity may request that the comprehensive agreement assign the division
with responsibility for securing all property interests, including public
utility facilities, with all costs, including costs of acquiring the property,
to be reimbursed to the division by the private entity. The statement shall
include the following information regarding the property interests or rights,
including, but not limited to, rights to extract mineable minerals:
(A) The names and addresses, if known, of the current owners of the property needed for the transportation facility or facilities;
(B) The nature of the property interests to be acquired;
(C) Any property that the division may expect to condemn; and
(D) The extent to which the property has been or will be subjected to the extraction of mineable minerals.
(5) Information relating to the current transportation plans, if any, of each affected local jurisdiction;
(6) A list of all permits and approvals required for acquisition or construction of or improvements to the transportation facility or facilities from local, state or federal agencies and a projected schedule for obtaining the permits and approvals: Provided, That the acquisition, construction, improvement or operation of a qualifying transportation facility that includes the extraction of mineable minerals is required to obtain all necessary permits or approvals from all applicable authorities in the same manner as if it were not a qualifying transportation facility under this article;
(7) A list of public utility facilities, if any, that will be crossed or affected by or as the result of the construction or improvement of the public port transportation facility or facilities and a statement of the plans of the developer to accommodate the crossings or relocations;
(8) A statement setting
forth the developer’s private entity’s general plans for
financing and operating the transportation facility or facilities;
(9) The names and addresses of the persons who may be contacted for further information concerning the request;
(10) Information about the private
entity and, to the extent they differ, any developer, including, but not
limited to, an organizational chart, of the developer capitalization, of
the developer experience in the operation of transportation facilities and
references and certificates of good standing from the Tax Commissioner,
Insurance Commissioner and the Division of Unemployment Compensation evidencing
that the developer is in good standing with state tax, workers’
compensation and unemployment compensation laws, respectively; and
(11) Any additional material and information requested by the Commissioner of Highways.
(d) The division, with
approval of the Commissioner of Highways, may solicit proposals from private
entities for the acquisition, construction or improvement of transportation
facilities in a form and with the content determined by the division.
(e) (c) The division may solicit any proposal
proposals for the acquisition, construction, or improvement of the
any transportation facility or facilities as a qualifying
transportation facility if it is determined that it serves the public
purpose of this article. The division may determine that the acquisition,
construction or improvement of the transportation facility or facilities as a
qualifying transportation facility serves a public purpose if:
(1) There is a public need
for the transportation facility; of the type the private entity proposes to
operate as a qualifying transportation facility
(2) The transportation
facility and the proposed interconnections with existing transportation
facilities and the developer’s plans for development of the qualifying
transportation facility are reasonable and compatible with the state
transportation plan and with the any applicable local comprehensive
plan or plans;
(3) The estimated cost of the transportation facility or facilities is reasonable in relation to similar facilities;
(4) The acquisition,
construction, improvement or the financing of the transportation facility or
facilities does not involve any moneys from the State Road Fund: Provided,
That moneys from the State Road Fund may be used if the project is constructed
by the division: is in excess of $10 million and is contained in the division’s
six-year plan: Provided, however, That the moneys from the General
Revenue Fund may also be used if so designated and approved by the Legislature
(5)(4) The use of federal funds in connection with
the financing of a qualifying transportation facility has been determined by
the division to be compatible with the state transportation plan and with
the any applicable local comprehensive plan or plans; and
(6)(5) The private entity’s plans solicitation
will result in the timely acquisition, or construction, of or
improvements to the of transportation facility for their facilities,
or the more efficient operation thereof, and that the private
entity’s plans will result in a more timely and economical delivery of the
transportation facility facilities than otherwise available under
existing delivery systems.
(f) Notwithstanding any
provision of this article to the contrary, the recommendation of the division
to the Commissioner of Highways is subject to:
(1) The private entity’s
entering into a comprehensive agreement with the division; and
(2) With respect to
transportation facilities, the requirement that public information
dissemination with regard to any proposal under consideration comply with the
division’s policy on the public involvement process, as revised.
(g) In connection with
its approval of the development of the transportation facility as a qualifying
transportation facility, the division shall establish a date for the
acquisition of or the beginning of construction of or improvements to the
qualifying transportation facility. The division may extend that date.
(h) Selection by the
Commissioner of Highways:
(1) Upon presentations
of proposals received by the division, the commissioner shall make his or her
decision for the project.
(2) The commissioner
shall notify the division and the public of the final selection for the project If proposals are solicited by the division, the
division shall review all solicited conceptual proposals and submit the same to
the Commissioner of the Division of Highways with a priority ranking for
review. Upon presentations of proposals received by the division, the
commissioner shall approve or modify the division’s rankings, and may authorize
the division to negotiate and enter into a comprehensive agreement with the
highest-ranked developer or reject all proposals. The division has no duty to
accept, consider, or review a conceptual proposal that was not solicited by the
division, but may do so in its sole discretion.
§17-27-7. Dedication of public property.
Any public entity may
dedicate any property interest that it has for public use as a qualified
transportation facility if it finds it will serve the public purpose of this
article. In connection with the dedication, a public entity may convey any
property interest that it has to the a developer or the
division, by contract for any consideration determined by the public
entity. This consideration may include, without limitation, the agreement of
the developer to develop the qualifying transportation facility. No real
property may be dedicated by a public entity pursuant to this article unless
all other public notice and comment requirements are met.
§17-27-8. Powers and duties of the developer.
(a) The developer has all
power allowed by law generally to a private entity having the same form of
organization as the developer and may acquire, construct or improve the a
qualifying transportation facility and impose user fees in connection with the
use of the facility.
(b) The developer may own,
lease or acquire any other right to facilitate the development of the a
qualifying transportation facility.
(c) Any financing of the
a qualifying transportation facility may be in the amounts and upon terms
and conditions determined negotiated by the developer. The
developer may issue debt, equity or other securities or obligations, enter into
sale and leaseback transactions and secure any financing with a pledge of,
security interest in, or lien on, any or all of its property, including all of
its property interests in the qualifying transportation facility.
(d) Subject to
applicable permit requirements, the developer may cross any canal or navigable
watercourse as long as the crossing does not unreasonably interfere with the
current navigation and use of the waterway
(e) (d) In developing the qualifying
transportation facility, the developer may:
(1) Make classifications according to reasonable categories for assessment of user fees; and
(2) With the consent of the division, make and enforce reasonable rules to the same extent that the division may make and enforce rules with respect to a similar transportation facility. The developer may, by agreement with appropriate law-enforcement agencies, arrange for video enforcement in connection with its toll collection activities.
(f) (e) The developer shall:
(1) Acquire, construct, or improve the qualifying transportation facility in a manner that meets the engineering standards of:
(A) The authority for facilities operated and maintained by the division, in accordance with the provisions of the comprehensive agreement; and
(B) The division, in accordance with the provisions of the comprehensive agreement;
(2) Keep the qualifying transportation facility open for use by the members of the public at all times after its initial opening upon payment of the applicable user fees or service payments: Provided, That the qualifying transportation facility may be temporarily closed because of emergencies or, with the consent of the division, to protect the safety of the public or for reasonable construction or maintenance procedures;
(3) Contract for the performance of all maintenance and operation of the transportation facility through the division, using its maintenance and operations practices, until the date of termination of the developer's duties as defined in the comprehensive agreement;
(4) Cooperate with the division in establishing any interconnection with the qualifying transportation facility requested by the division;
(5) Remain in compliance with state tax, workers' compensation, and unemployment compensation laws; and
(6) Comply with the provisions of the comprehensive agreement and any service contract.
§17-27-9. Comprehensive agreement.
(a) Prior to acquiring, constructing, or improving the qualifying transportation facility, the developer shall enter into a comprehensive agreement with the division. The comprehensive agreement shall provide for:
(1) Delivery of performance or payment bonds in connection with the construction of or improvements to the qualifying transportation facility, in the forms and amounts satisfactory to the division;
(2) Review and approval of the final plans and specifications for the qualifying transportation facility by the division;
(3) Inspection of the construction of or improvements to the qualifying transportation facility to ensure that they conform to the engineering standards acceptable to the division;
(4) Maintenance of a policy or policies of public liability insurance or self insurance, in a form and amount satisfactory to the division and reasonably sufficient to insure coverage of tort liability to the public and employees and to enable the continued operation of the qualifying transportation facility: Provided, That in no event may the insurance impose any pecuniary liability on the state, its agencies or any political subdivision of the state. Copies of the policies shall be filed with the division accompanied by proofs of coverage;
(5) Monitoring of the maintenance and operating practices of the developer by the division and the taking of any actions the division finds appropriate to ensure that the qualifying transportation facility is properly maintained and operated;
(6) Itemization and reimbursement to be paid to the division for the review and any services provided by the division;
(7) Filing of appropriate financial statements on a periodic basis;
(8) A reasonable maximum rate of return on investment for the developer;
(9) The date of termination of the developer’s duties under this article and dedication to the division; and
(10) That a transportation
facility shall accommodate all public utilities on a reasonable, nondiscriminatory,
and completely neutral basis and in compliance with the provisions of §17-4-17b
of this code.
(b) The comprehensive
agreement may require user fees established by agreement of the parties. Any
user fees shall be set at a level that, taking into account any service
payments, allows the developer the rate of return on its investment specified
in the comprehensive agreement: Provided, That the schedule and amount
of the initial user fees to be imposed and any increase of the user fees must
shall be approved by the Commissioner of the Division of Highways. A
copy of any service contract shall be filed with the division. A schedule of
the current user fees shall be made available by the developer to any member of
the public upon request. In negotiating user fees under this section, the
parties shall establish fees that are the same for persons using the facility
under like conditions and that will not unreasonably discourage use of the
qualifying transportation facility. The execution of the comprehensive
agreement or any amendment to the comprehensive agreement constitutes
conclusive evidence that the user fees provided in the comprehensive agreement
comply with this article. User fees established in the comprehensive agreement
as a source of revenues may be in addition to, or in lieu of, service payments.
(c) In the comprehensive agreement, the division may agree to accept grants or loans from the developer, from time to time, from amounts received from the state or federal government or any agency or instrumentality of the state or federal government.
(d) The comprehensive
agreement shall incorporate the duties of the developer under this article and
may contain any other terms and conditions that the division determines serve
the public purpose of this chapter. Without limitation, the comprehensive
agreement may contain provisions under which the division agrees to provide
notice of default and cure rights for the benefit of the developer and the
persons specified in the comprehensive agreement as providing financing for the
qualifying transportation facility. The comprehensive agreement may contain any
other lawful terms and conditions to which the developer and the division
mutually agree, including, without limitation, provisions regarding unavoidable
delays. or provisions providing for a loan of public funds to the developer
to acquire, construct or improve one or more qualifying transportation
facilities
(e) The comprehensive agreement shall require the deposit of any earnings in excess of the maximum rate of return as negotiated in the comprehensive agreement in the State Road Fund established pursuant to §17-3-1 of this code.
(f) Any changes in the terms of the comprehensive agreement, agreed upon by the parties, shall be added to the comprehensive agreement by written amendment.
(g) Notwithstanding any
provision of this article to the contrary, the division may not enter any
comprehensive agreements with a developer after June 30, 2023
(h) (g) Notwithstanding any provision of this
article to the contrary, at least thirty 60 days prior to
execution, the commissioner shall provide a copy of a comprehensive agreement
to the Joint Committee on Government and Finance and the Joint Legislative
Oversight Commission on Department of Transportation Accountability.
(h) If a developer and the division cannot agree to the terms of a comprehensive agreement, neither party shall have any further obligation or liability to the other. In the event a developer and the division fail to enter into a comprehensive agreement, the commissioner may authorize the division to negotiate and enter into a comprehensive agreement with any next-highest-ranked developer identified pursuant to §17-27-5 of this code.
§17-27-11. Material default; remedies.
(a) Except upon written
agreement of the developer and any other parties identified in the
comprehensive agreement, the division may exercise, at its discretion,
any or all of the following remedies provided in this section or elsewhere in
this article to remedy any material default that has occurred or may continue
to occur.
(1) To elect to take over the transportation facility or facilities and in that case, it shall succeed to all of the rights, title and interest in the transportation facility or facilities, subject to any liens on revenues previously granted by the developer to any person providing financing for the facility or facilities and the provisions of subsection (c) of this section;
(2) To exercise the power
of condemnation to acquire the qualifying transportation facility or facilities
; Any person who has provided financing for the qualifying transportation
facility and the developer, to the extent of its capital investment, may participate
in the condemnation proceedings with the standing of a property owner
(3) To terminate the comprehensive agreement and exercise any other rights and remedies that may be available to it at law or in equity, subject only to the express limitations of the terms of the comprehensive agreement; and
(4) To make or cause to be made any appropriate claims under the performance or payment bonds required by this article.
(b) In the event the
U division elects to take over a qualifying transportation facility pursuant to
subdivision (1), subsection (a) of this section, the division may acquire, construct,
or improve the transportation facility, impose user fees for the use of the
transportation facility and comply with any service contracts as if it were the
developer. Any revenues that are subject to a lien shall be collected for the
benefit of, and paid to, secured parties, as their interests may appear, to the
extent necessary to satisfy the developer’s obligations to secured parties,
including the maintenance of reserves and the liens shall be correspondingly
reduced and, when paid off, released. Remaining revenues, if any, after all
payments to, or for the benefit of, secured parties shall be paid to the
developer, subject to the negotiated maximum rate of return. The right to
receive the payment, if any, shall be considered just compensation for the
transportation facility or facilities. The full faith and credit of the
division may not be pledged to secure any financing of the developer by the
election to take over the qualifying transportation facility. Assumption of
development of the qualifying transportation facility does not obligate the
division to pay any obligation of the developer from sources other than
revenues.
§17-27-13. Condemnation.
(a) At the request of the
developer, the division may exercise the power of condemnation that it has
under law for the purpose of acquiring any lands or estates or interests in any
lands or estates to the extent that the division finds that the action serves
the public purpose of this article. Provided, That the power of
condemnation may not be exercised if the extraction of mineable minerals is
outside the defined one thousand foot corridor of the project or work which is
the subject of a solicited conceptual proposal, comprehensive agreement or
service contract submitted or entered into under the provisions of this article
Any amounts to be paid in any condemnation proceeding shall be paid by the
developer.
(b) Until the division has provided written certification as to the existence of a material default under §17-27-11(a) of this code, the power of condemnation may not be exercised against a qualifying transportation facility.
§17-27-14. Utility crossings.
The developer and each county,
municipality, public service district, public utility, railroad, and
cable television provider whose facilities are to be crossed or affected shall
cooperate fully with the other in planning and arranging the manner of the
crossing or relocation of the facilities. Any entity possessing the power of
condemnation is expressly granted the powers in connection with the moving or
relocation of facilities to be crossed by the qualifying transportation
facility or that must be relocated to the extent that the moving or relocation
is made necessary or desirable by construction of or improvements to the
qualifying transportation facility, which includes construction of or
improvements to temporary facilities for the purpose of providing service
during the period of construction or improvement. Any amount to be paid for the
crossing, construction, moving or relocating of facilities shall be paid by the
developer.
§17-27-15. Dedication of assets.
The division shall
terminate the developer's authority and duties under this article on the date
set forth in the comprehensive agreement. Upon termination, the division and
duties of the developer and division under this article cease and the
qualifying transportation facility shall be dedicated to the division for
public use.
§17-27-16. Qualifying a transportation facility as a public improvement.
All qualifying
transportation facilities authorized under this article are public improvements
and are subject to article five-a, chapter twenty-one of this code. Article twenty-two, chapter five of this
code applies to all qualifying transportation facilities authorized under this
article. All construction, reconstruction, repair or improvement of qualifying
transportation facilities authorized under this article shall be awarded by
competitive bidding. Competitive bids shall be solicited by the division for
each construction contract in excess of $25,000 in total cost. Construction
costs should be of sufficient size that the performance and payment bonds are
in the $10 million to $30 million range, where possible. Competitive bids shall
be solicited by the division through publication of a Class II legal
advertisement, in compliance with the provisions of article three, chapter
fifty-nine of this code, and the publication area is the county or municipality
in which the transportation facility is to be located. The advertisement shall
also be published as a Class II advertisement in a newspaper of general
circulation published in the city of Charleston. The advertisement shall
solicit sealed proposals for the construction of the transportation facility,
stating the time and place for the opening of bids. All bids shall be publicly
opened and read aloud. Construction contracts shall be awarded to the lowest
qualified responsible bidder, who shall furnish a sufficient performance or
payment bond: Provided, That both the division and the private entity
have the right to reject all bids and solicit new bids for the construction
contract Comprehensive agreements entered into pursuant to this article
are exempt from the provisions of §5-22-1 et seq. of this code. The
provisions of article one-c, chapter twenty-one §1C-21-1 et seq.
of this code apply to the construction of all qualifying transportation
facilities approved under this article.
NOTE: The purpose of this bill is to encourage the use of public-private partnerships by cleaning up antiquated provisions of the public-private partnership statute and simplifying the process to make it more effective, and to particularly encourage the use of public-private partnerships in the construction of highways in this state. Construction of highways using public private partnerships is encouraged by allowing moneys collected from only the state portion of coal severance tax on projects where construction would result in the extraction of coal incident to the construction, would be paid to each participant in a public-private partnership upon the determination of satisfactory completion of the project and other determinations.
Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.