Governor Mary Fallin signed into law the P3-enabling statutory authority for both state agencies and county and municipal entities. These two laws apply to a broad range of eligible infrastructure sectors, and include municipal facilities (buildings), environmental projects (water, wastewater treatment), and transportation.
SB 430 created the Oklahoma Public and Private Facilities and Infrastructure Act. The Act establishes the necessary framework that would allow a state entity to contract with a private entity to finance, maintain, improve, equip, modify, repair or operate a qualifying project. Enacted May 12th, 2017.
HB 1534 created the Local Public and Private Facilities and Infrastructure Act. The act creates a procurement structure that would allow a local governmental entity to execute public private partnerships. Enacted May 25th, 2017.
Implementation guidelines which are aligned with procurement processes and administrative requirements will need to be established.