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2007 Laws of Maryland
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Ch. 383
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DEPARTMENT OF LEGISLATIVE SERVICES, A DESCRIPTION OF THE PROPOSED
LEASE AGREEMENT AND A SUMMARY OF THE PROPOSED PROCUREMENT
DOCUMENT TO BE USED FOR SOLICITATION OF THE PUBLIC-PRIVATE
PARTNERSHIP ARRANGEMENT.
(III) NOT LESS THAN 45 DAYS BEFORE ENTERING INTO ANY
PUBLIC-PRIVATE PARTNERSHIP ARRANGEMENT, SUBJECT TO § 2-1246 OF THE
STATE GOVERNMENT ARTICLE, THE AUTHORITY SHALL PROVIDE, TO THE
SENATE BUDGET AND TAXATION COMMITTEE, THE HOUSE COMMITTEE ON
WAYS AND MEANS, AND THE HOUSE APPROPRIATIONS COMMITTEE, FOR
REVIEW AND COMMENT, AND TO THE DEPARTMENT OF LEGISLATIVE SERVICES,
A DESCRIPTION OF THE PROPOSED LEASE AGREEMENT AND A FINANCING PLAN,
INCLUDING:
1. THE LENGTH OF THE PROPOSED LEASE;
2. THE SCOPE OF ANY TOLL-SETTING AUTHORITY TO
BE GRANTED TO THE PRIVATE ENTITY;
3. THE SCOPE OF PAYMENTS TO THE AUTHORITY
FROM THE PROPOSED PUBLIC-PRIVATE PARTNERSHIP ARRANGEMENT;
4. A COST-BENEFIT ANALYSIS OF THE PROPOSED
PUBLIC-PRIVATE PARTNERSHIP ARRANGEMENT; AND
5. REQUIREMENTS PERTAINING TO THE ONGOING
OPERATION AND MAINTENANCE OF THE FACILITY AND CONTRACT OVERSIGHT.
(IV) THE AUTHORITY MAY NOT ENTER INTO A
PUBLIC PRIVATE PARTNERSHIP ARRANGEMENT IN WHICH THE TOTAL AMOUNT
PAID TO THE AUTHORITY BY THE PRIVATE ENTITY OVER THE LIFETIME OF THE
AGREEMENT EXCEEDS $150,000,000 UNTIL THE GENERAL ASSEMBLY HAS
APPROVED, THROUGH LEGISLATION, THE PUBLIC PRIVATE PARTNERSHIP
ARRANGEMENT.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2007.
Approved by the Governor, May 8, 2007.
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- 2372 -
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