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Ark. Code Ann. § 22-10-204

Requirements for qualifying projects

Known as the Partnership for Public Facilities and Infrastructure Act

The act spans §§ 22–22 (22 sections).

Acts 2017, No. 813, § 1.

(1) A responsible public entity may issue a request for proposals or an invitation for bids for the development of a qualifying project if the responsible public entity determines that: There is a public need for or benefit to be derived from the type of qualifying project being proposed;

(2) The proposals or bids are anticipated to result in the timely development of the qualifying project; and

(3) The qualifying project being considered satisfies or is anticipated to satisfy any criteria stated in the rules promulgated under this chapter.

(4) The responsible public entity's development of a qualifying project is contingent on a private entity's entering into an interim agreement or a comprehensive agreement, or both, with the responsible public entity.

(5) Neither this chapter nor an interim agreement or a comprehensive agreement entered into under this chapter enlarges, diminishes, or affects the authority, if any, otherwise possessed by a responsible public entity to take action that would impact the debt capacity of the state.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.