Establishes framework for public-private partnerships in state purchases.

This bill defines public-private partnerships and sets a framework to encourage their use in state purchases. It mandates the Department of Administration to create rules for evaluating, soliciting, and entering into public-private partnership agreements. The chief purchasing officer must consult with various stakeholders when state funds are deployed for construction projects. For agreements over $25 million, an objective study must determine if a project labor agreement is needed.

Establishes framework for public-private partnerships in state purchases.

This bill defines public-private partnerships and sets a framework to encourage their use in state purchases. It mandates the Department of Administration to create rules for evaluating, soliciting, and entering into public-private partnership agreements. The chief purchasing officer must consult with various stakeholders when state funds are deployed for construction projects. For agreements over $25 million, an objective study must determine if a project labor agreement is needed.