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In 2015, the Texas Legislature directed TFC to establish the Center for Alternative Finance and Procurement (CAP), to facilitate public-private partnerships (P3). The statutory mission of the Center is to consult with governmental entities regarding best practices for the procurement and financing of 'Qualifying Capital Projects'.
What is the P3 Act? The Public-Private Partnership Act (P3 Act) is a bill that would enable government to streamline procurement for infrastructure by bundling planning, design, construction, operations, and maintenance into a single procurement.
Texas Government Code Chapter 2267, Public and Private Facilities and Infrastructure, provides Responsible Governmental Entities with the greatest possible flexibility in contracting with Private Entities or other persons to provide public services through Qualifying Projects.
P3s carry a certain level of financial risk, especially for large-scale projects, making it essential for permits to be obtained in a timely manner. To assist developers and government organizations that have selected a P3 to move forward, below are some key aspects and best practices in permitting P3 projects in the state: Key Aspects to Consider
The Texas Procurement and Contract Management Guide provides a framework for navigating the complexities of Texas procurement law and offers practical, step-by-step guidance to ensure agencies acquire goods and services in an effective and efficient manner, in compliance with the law.
The P3 Act creates new delivery methods that will allow governmental entities to bundle planning, design, construction, operations, and maintenance for public projects into a single procurement. These procurement methods are commonly known as public-private partnerships (P3s).
State law changes in Texas impact many provisions in the ordinance codes of Texas municipalities. This pamphlet is intended to assist municipal attorneys in the identification of provisions in ordinance codes that may require revision in light of state law.