A House bill refining guidelines for public-private partnerships (P3s) was signed into law by Gov. Martin O’Malley Tuesday after finally passing the House and Senate in the closing days of the session.
The idea is to leverage private financing and construction contracting to build infrastructure projects the state wants more efficiently without adding to bond debt.
The law, HB560, tweaks the current public-private partnership process. It gives the Board of Public Works a more prominent role and seeks to encourage innovation by providing room for businesses to pitch ideas for projects without following the usual procurement procedure.
More
2 comments:
In double speak it means we give big contracts to our unions bed buddy's and live large on the government teat while the slaves pay higher taxes to line our pockets and gain more favors owed ..repeat spin and hang the working sap dry...
Socialism 101
Post a Comment