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Missouri Revised Statutes Title XIV. Roads and Waterways § 227.618. Tentative approval, criteria--interim agreements, requirements

Current as of January 01, 2025 | Updated by Findlaw Staff

1. The commission may by commission minute grant tentative approval of the potential private partner whose request for approval or response to a request for proposal provides the best value to the state for financing, developing, and/or operating the project. The commission shall establish criteria for making a determination including:

(1) The general reputation, qualifications, industry experience, and financial capacity of the potential private partner;

(2) The proposed plans for developing and/or operating the project; and

(3) Other criteria that the commission deems appropriate.

2. Prior to the granting of tentative approval by the commission for a potential private partner to finance, develop, and/or operate a project, the commission may review and approve by commission minute an interim agreement with the private partner. Such interim agreement shall be in a form prescribed by the commission and:

(1) May authorize the potential private partner to commence activities for which it may be compensated relating to the proposed project;

(2) Shall establish the process and timing of the negotiation of the comprehensive agreement between the commission and the private partner; and

(3) Shall contain any other provisions that the commission and the potential partner deem  1 appropriate.

1 Revisor’s note: Word “deems” appears in original rolls.
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Cite this article: FindLaw.com - Missouri Revised Statutes Title XIV. Roads and Waterways § 227.618. Tentative approval, criteria--interim agreements, requirements - last updated January 01, 2025 | https://codes.findlaw.com/mo/title-xiv-roads-and-waterways/mo-rev-st-227-618/

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