JAN
28
2015

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New P3 Legislation To Take Effect in Washington, D.C.

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 Link : http://www.jdsupra.com/legalnews/new-p3-legislation-to-take-effect-in-was-18351/

A new law intended to encourage more widespread use of public-private partnerships (P3s) in the District of Columbia is set to become a reality in the coming weeks. The Public-Private Partnership Act of 2014 (P3 Act) was approved by the Mayor on December 29, 2014, after its unanimous passage by the Council of the District of Columbia. The P3 Act provides specific authority for the development, solicitation, evaluation, award, delivery and oversight of P3 projects by the District. It will take effect upon the expiration of the 30-day congressional review period required under the District of Columbia Home Rule Act.

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