Connecticut Senate Bill SB00635

Connecticut 2017 Regular Session

• Introduced: 1/25/17
• Refer: 1/25/17
• Refer: 3/13/17
• Report Pass: 3/17/17
• Refer: 3/29/17
• Report Pass: 4/4/17
• Engrossed: 5/25/17
• Report Pass: 5/26/17
• Chaptered: 6/19/17
• Enrolled: 6/22/17
• Passed: 7/7/17

Caption

An Act Extending The Deadline For Approval Of Public-private Partnership Projects.

Impact

The impact of SB 635 on state laws includes a substantial extension of the current regulatory framework governing public-private partnerships. By allowing for additional time to evaluate and approve PPP projects, the bill seeks to enhance the state's ability to engage in collaborative projects that leverage private investment for public infrastructure and services. This extension is expected to stimulate investment in key areas, thus contributing positively to the state's economic landscape.

Summary

Senate Bill No. 635, also known as Public Act No. 17-149, aims to extend the deadline for the approval of public-private partnership (PPP) projects from January 1, 2016, to January 1, 2020. The bill allows the governor to approve up to five such projects during this timeframe, contingent upon the determination that these projects will contribute to job creation and economic growth. This legislative action was introduced to ensure that potential public-private initiatives can be reviewed and approved to help foster economic development within the state.

Sentiment

The sentiment surrounding SB 635 appears to be largely supportive among lawmakers and stakeholders interested in economic development. Advocates argue that public-private partnerships can provide essential funding and operational efficiencies that state and local governments might struggle to afford independently. However, there are lingering sentiments of caution regarding oversight and transparency in these partnerships, reflecting concerns that are inherent in the public's perception of privatizing public services.

Contention

Notable points of contention include the fear that extending the deadline for PPP approvals may lead to rushed evaluations and decisions not in the best interests of public welfare. Some critics argue that without careful scrutiny, such partnerships might prioritize private profits over public needs. Additionally, the requirement that the governor must affirm that projects will lead to job creation and growth may raise questions about how these outcomes are measured and reported, suggesting a need for more rigorous accountability mechanisms.