SENATE BILL 485 |
SENATE AUTHOR: Barrientos |
EFFECTIVE: 06-20-03 |
HOUSE SPONSOR: Krusee |
Senate Bill 485 authorizes an intermunicipal commuter rail district board to enter into an exclusive development agreement with a private entity and provides that the competitive bidding process that is required for a contract by an intermunicipal commuter rail district that spends $15,000 or more for certain services does not apply to an exclusive development agreement between a district and a private entity for the design, construction, financing, acquisition, maintenance, and operation of a commuter rail facility or system.