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Arkansas Code Title 22. Public Property § 22-10-204. Requirements for qualifying projects

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) A responsible public entity may issue a request for proposals or an invitation for bids for the development of a qualifying project if the responsible public entity determines that:

(1) There is a public need for or benefit to be derived from the type of qualifying project being proposed;

(2) The proposals or bids are anticipated to result in the timely development of the qualifying project; and

(3) The qualifying project being considered satisfies or is anticipated to satisfy any criteria stated in the rules promulgated under this chapter.

(b) The responsible public entity's development of a qualifying project is contingent on a private entity's entering into an interim agreement or a comprehensive agreement, or both, with the responsible public entity.

(c) Neither this chapter nor an interim agreement or a comprehensive agreement entered into under this chapter enlarges, diminishes, or affects the authority, if any, otherwise possessed by a responsible public entity to take action that would impact the debt capacity of the state.

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Cite this article: FindLaw.com - Arkansas Code Title 22. Public Property § 22-10-204. Requirements for qualifying projects - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-22-public-property/ar-code-sect-22-10-204/

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