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

HB 7674 defines public-private partnerships (PPPs) for state property and construction projects, establishing rules for state agencies to use them when they offer "value for money." It requires agencies to evaluate PPPs using cost, quality, and performance comparisons, and mandates that all PPP contracts include prevailing wage requirements, labor harmony plans, and value analysis by experts. The bill directs the chief purchasing officer to create implementation rules by July 2027, consulting with contractors, labor groups, and design professionals. It directly affects state agencies, private contractors, and workers by setting standards for how PPPs are solicited, awarded, and overseen for projects like infrastructure and public buildings.