SB3514 allows the Capital Development Board to manage public-private partnership agreements for higher education and state agencies.
SB3514 amends the Capital Development Board Act to authorize the Capital Development Board to enter into and manage construction projects through public-private partnership agreements on behalf of institutions of higher education and state agencies, excluding the Department of Corrections. This bill permits the Board to adopt rules to implement these agreements, facilitating collaboration between public and private sectors for construction projects.
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