Ga. Comp. R. & Regs. R. 672-17-.01 - Statement of Policy

(1) It is the policy of the Department to consider the feasibility of private involvement in projects the Department undertakes pursuant to Sections 32-2-78, 32-2-79, 32-2-80 of the Official Code of Georgia Annotated. The objectives of the Department's Public-Private Partnerships program include, but are not limited to, the following:

(a) Expedite project delivery and maximize innovation in project financing and delivery;

(b) Leverage and supplement limited public funds available for public projects;

(c) Facilitate the collaboration and cost and risk sharing in public projects between the public and private partners;

(d) Foster flexibility in procurement methods to provide the best value to the public;

(e) Encourage cooperative partnerships between and among the public and private sectors;

(f) Promote and encourage the use of local labor and resources, as well as disadvantaged, minority and small business enterprises, consistent with applicable law, including requiring a private partner who has been awarded a contract for a Public-Private Partnership to establish a local office within the State of Georgia; and

(g) Advance the investment policies of the Department as provided for by paragraphs (1) through (10) of subsection (a) of Section 32-2-41.1 of the Official Code of Georgia Annotated.

(2) The Department shall identify and report to the Board by July 31, of each odd-numbered year those projects that are suitable for a Public-Private Partnership. Factors to be considered may include, but are not limited to, potential for value added by the private sector, the Department's preparedness, project maturity, financial feasibility, project scope, and market interest. In identifying projects, the Department will coordinate and work collaboratively with the Director, and endeavor to seek input from relevant governmental agencies, local governments and the public. The report may be supplemented by the Department and re-submitted to the Board prior to the next reporting period.

(3) Any changes to these Rules must be presented to both the House and Senate Transportation Committees for consideration and approval prior to adoption by the Board.

Notes

Ga. Comp. R. & Regs. R. 672-17-.01

Authority O.C.G.A. Secs. 32-2-2, 32-2-79, 50-13-4.

Original Rule entitled "Purpose of Regulations" adopted. F. Dec. 12, 2003; eff. Jan. 1, 2004. Repealed: New Rule of same title adopted. F. July 22, 2005; eff. August 11, 2005. Repealed: New Rule entitled "Statement of Policy" adopted. F. Jan. 25, 2010; eff. Feb. 14, 2010. Repealed: New Rule of same title adopted. F. Apr. 21, 2010; eff. May 11, 2010.