Section 227.621

Title XIV ROADS AND WATERWAYS

Chapter 227

Effective - 28 Aug 2006   

  227.621.  Approval of comprehensive agreements, requirements. — Prior to granting its final approval of a private partner to finance, develop, and/or operate the project, the commission shall review and approve by commission minute a comprehensive agreement in a form and manner prescribed by the commission that shall, at a minimum, provide for:

  (1)  The start date for construction of the project and any other dates the commission deems necessary to develop and/or operate the project;

  (2)  Review and approval by the commission of the final plans and specifications for the development and/or operation of the project to ensure that such plans and specifications conform to the standards acceptable to the commission;

  (3)  A detailed financing plan, contingent upon review and approval by the commission; and

  (4)  Any other provisions the commission and private partner deem appropriate.

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(L. 2006 H.B. 1380)