2003 Session

Budget Amendments - SB700 (Committee Approved)

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Public Private Partnerships (language only)

Item 401 #5s

Item 401 #5s

Public Safety
Public Safety, Secretary of

Page 390, line 47,  insert:
"D. The Secretary of Public Safety, with the assistance of the Departments of General Services and the Treasury, shall examine the feasibility of public-private partnerships, pursuant to the Public-Private Education Facilities and Infrastructure Act of 2002 (§ 56-575.1 et. seq. of the Code of Virginia) to finance required facilities and related capital expenses for the Departments of Corrections, Juvenile Justice, and State Police.  The Secretary shall include within this examination, an analysis of the costs and benefits of public-private partnerships compared to traditional bond financing and cash appropriations on a net present value basis.  The Secretary shall provide a report on his findings to the Governor and the Chairmen of the Senate Finance and House Appropriations Committees by October 15, 2003."

(This amendment directs the Secretary of Public Safety to study the feasibility of public-private partnerships to finance essential public safety facilities.)