AN ACT RELATING TO PUBLIC PROPERTY AND WORKS -- STATE PURCHASES

HB 5870 defines public-private partnerships (PPPs) as long-term contracts where private companies develop, finance, or maintain state-owned assets while bearing significant risk. It requires state agencies to use competitive procurement for PPPs and mandates specific requirements in requests for proposals, including value-for-money analyses, oversight plans, and financial documentation. The bill directs the chief purchasing officer to create rules by July 2026 to encourage PPP use, while ensuring state agencies remain responsible for oversight. It directly affects state agencies making infrastructure or property purchases and private contractors seeking to partner with the government. The law does not change existing procurement rules but provides a formal framework for evaluating and implementing PPPs.