BILL ANALYSIS                                                                                                                                                                                                    �



                                                                      



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          |SENATE RULES COMMITTEE            |                   SB 475|
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                                 THIRD READING


          Bill No:  SB 475
          Author:   Wright (D) and Emmerson (R)
          Amended:  5/3/11
          Vote:     21

           
           SENATE GOVERNANCE & FINANCE COMMITTEE  :  6-2, 4/27/11
          AYES:  Wolk, Huff, Fuller, Kehoe, La Malfa, Liu
          NOES:  DeSaulnier, Hancock
          NO VOTE RECORDED:  Hernandez


           SUBJECT  :    Infrastructure financing

           SOURCE  :     Author


           DIGEST  :    This bill revises statutes governing local 
          governments' public-private infrastructure agreements.

           ANALYSIS  :    Local governments may solicit proposals and 
          enter into agreements with private entities for the study, 
          planning, design, financing, construction, maintenance, 
          rebuilding, improvement, repair, or operation by private 
          entities of specific types of fee-producing infrastructure 
          (AB 2660 �Aguiar], Chapter 1040, Statutes of 1996).

          I.   Leases  .  A public-private agreement for the 
              construction of fee-producing infrastructure by a 
              private entity must provide for the lease of those 
              facilities to, or ownership by, the private entity for 
              up to 35 years.

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              This bill clarifies that a public-private 
              infrastructure agreement may - but is not required to - 
              provide for the lease, license, or other permissive use 
              of facilities constructed under the agreement.

              This bill allows the maximum period of ownership, 
              leasing, licensing, or other permissive use allowed 
              under a public-private infrastructure agreement for up 
              to 35 years.

              This bill also repeals a local agency's authority to 
              provide for ownership of the facility by a private 
              entity during the term of the agreement.

          II.  Selection criteria  .  A local government must use a 
              private sector contractor's "demonstrated competence 
              and qualifications" as the primary selection criterion 
              when selecting a private-sector contractor with which 
              to enter into an agreement for the study, planning, 
              design, financing, construction, maintenance, 
              rebuilding, improvement, repair, or operation of 
              fee-producing infrastructure.

              This bill requires a local agency to use criteria that 
              it identifies in the solicitation documents when 
              selecting a private-sector contractor.  These selection 
              criteria must include the following factors, as 
              applicable to the proposed project: 

                     Financial or price proposal or approach
                     Features
                     Life cycle costs
                     Technical approach
                     Acceptable safety record as determined by the 
                 government agency
                     Experience and qualifications of the private 
                 entity to perform the services under the agreement

             The local government may identify other specific 
                 selection criteria in the 
             solicitation documents. �Section 6.]

          III.  Eligible projects  .  A local agency may enter into 
              agreements with private entities for the following 

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              types of fee-producing infrastructure projects:  

                     Irrigation
                     Drainage
                     Energy or power production
                     Water supply, treatment, and distribution
                     Flood control
                     Inland waterways
                     Harbors
                     Municipal improvements
                     Commuter and light rail
                     Highways or bridges
                     Tunnels
                     Airports and runways
                     Purification of water
                     Sewage treatment, disposal, and water recycling
                     Refuse disposal
                     Structures or buildings, except structures or 
                 buildings used primarily for sporting or 
                 entertainment events

            This bill adds sanitary sewer systems to the types of 
            fee-producing infrastructure that are eligible for 
            public-private infrastructure agreements �Section 5]

          IV.  Private sector financing  .  The 1996 Aguiar legislation 
              used the term "private sector investment capital" to 
              describe what types of new financial resources that 
              private sector entities could provide through a 
              public-private infrastructure agreement.

              This bill replaces the term "private sector investment 
              capital" with "private sector financing" and clarifies 
              that local governments may use private sector 
              financing, public financing, or any combination of 
              those financing sources to study, plan, design, 
              construct, develop, finance, maintain, rebuild, 
              improve, repair, or operate fee-producing 
              infrastructure facilities.

              This bill also specifies that private sector financing 
              may include: 

              "cash, cash equivalents, loans, debt assumption, 

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              letters of credit, capital investment, in-kind 
              contributions of materials or equipment, construction 
              or equipment financing, carrying of costs during 
              construction, or any combination thereof."  �Sections 
              1, 2, and 3]

          V.   Fees  .   A public-private infrastructure agreement must 
              ensure a local government's authority to impose user 
              fees that are sufficient to protect the revenue streams 
              necessary to cover the costs of projects or facilities.

              This bill clarifies that:

                       User fees may be paid to the local 
                  government or the private entity.

                       User fees must be used exclusively to pay 
                  the government agency and private entity's direct 
                  and indirect costs for project construction, 
                  financing, operations, fee collection, 
                  administration, maintenance, a reasonable rate of 
                  return to the private entity, and other project 
                  related costs.

                       The reasonable return to the private entity 
                  must be stated specifically in the public-private 
                  infrastructure agreement or included as part of 
                  the costs and fees, as set during the procurement 
                  process.  �Section 7]

          VI.  Exemption  .  The 1996 Aguiar legislation exempted 
              public-private infrastructure agreements, with 
              specified exceptions, from any provisions of the 
              California Public Contract Code or the California 
              Government Code that relates to public procurements.

              This bill expands that exemption to any statutory 
              provision that relates to public procurements. �Section 
              6] 

          VII.  Public notice  .  Before imposing or increasing a user 
              fee on infrastructure that is subject to a 
              public-private agreement, a local government must 
              conduct a public hearing regarding the proposed fee.

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              This bill requires a local government to hold two 
              public hearings.  Current law requires that notice of a 
              hearing relating to transportation projects must be 
              published four consecutive times in a newspaper of 
              general circulation.

              This bill applies the notice requirement to hearings 
              related to all infrastructure projects.  �Section 7]

          VIII  Validation  .  State law allows an agency to file a 
              validation action, asking a superior court to determine 
              the validity of its actions.

              This bill adds a cross-reference to the standard 
              procedures that allow for a government agency to 
              initiate a validating proceeding.  �Section 12]

          IX.  Prohibited projects  .  State law prohibits the state, 
              and any state agency, from directly or indirectly 
              entering into any public-private infrastructure 
              agreement under the 1996 Aguiar legislation.  
              Governmental entities can't use the Aguiar statute to 
              design, construct, finance, or operate state projects, 
              including:

                     Toll roads on state highways
                     State water projects
                     State park and recreation projects
                     State financed projects

            This bill states that these prohibitions must not be 
            construed to prohibit a government agency from using 
            public-private infrastructure agreements to accomplish 
            projects that are not expressly prohibited by the 
            statute.  �Section 11]

           Comments

           Confronted by aging infrastructure, growing populations, 
          and limited revenue sources, local governments want to use 
          public-private partnerships to finance, build, replace or 
          operate public infrastructure.  In 1996, the Legislature 
          authorized local governments to enter into public-private 

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          partnerships for fee-producing infrastructure projects that 
          might not be feasible without private-sector involvement.  
          In addition to making new projects feasible by providing 
          additional financing options, public-private agreements can 
          facilitate new infrastructure projects through cost-savings 
          and the opportunity to transfer project risks from local 
          governments to their private sector partners.  In 
          completing projects using these provisions, local agencies 
          and private entities have encountered some statutory 
          ambiguities and obstacles that hamper their ability to use 
          public-private infrastructure agreements.  

           Related legislation
           
          This bill is similar to AB 1261 (Caballero) of 2007, which 
          died on the Senate Inactive File.  SB 693 (Dutton) of 2011, 
          expresses the Legislature's intent that local governments 
          may use a combination of public funding and private sector 
          financing to finance infrastructure projects through a 
          public-private infrastructure agreement.  

           FISCAL EFFECT  :    Appropriation:  No   Fiscal Com.:  No   
          Local:  No

           SUPPORT  :   (Verified  5/4/11) (per committee analysis)

          American Water
          Associated General Contractors
          Bay Area Council
          California Association of Sanitation Agencies
          California Chamber of Commerce
          California State Council of Laborers
          California Taxpayers Association
          California Water Association
          League of California Cities
          Skanska Infrastructure Development
          Suburban Water Systems
          Veolia Water
          Western Council of Construction Consumers

           OPPOSITION  :    (Verified  5/4/11) (per committee analysis)

          American Federation of State, County, and Municipal 
          Employees AFL-CIO

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          California School Employees Association
          Professional Engineers in California Government
          Western Electrical Contractors Association


          AGB:do  5/4/11   Senate Floor Analyses 

                         SUPPORT/OPPOSITION:  SEE ABOVE

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