ACE, Inc. is proud to be a sponsor of the NAIOP Central Florida Chapter October 10th, 2013 program on the new Public-Private Partnership legislation. P3s can save taxpayers money and inconvenience on complex projects, officials say. Interest in P3s has grown as government budgets for infrastructure projects have shrunk. The law outlines financing provisions to allow public entities to lend funds to private enterprises and to use federal loans and commercial loans.
Projects that qualify under the new law are any that serve a public purpose, including airport or seaport structures, pipelines, mass transit infrastructure, nursing homes, educational buildings, and cultural centers or sports stadiums.
A task force, appointed by Governor Scott, is charged with developing P3 guidelines to create a uniform process for establishing P3s. The Task Force members include:
George Burgess, COO and co-vice chair of the P3 Practice Group for Becker & Poliakoff
Frank C. Attkisson, County Commissioner in Osceola County.
Sonya C. Little, Chief Financial Officer for the City of Tampa.
Andy Tuck, a school board member for Highlands County.
Michael H. Olenick, vice president of corporate affairs and chief compliance officer of The Morganti Group.
John “Jay” Smith, vice president at Ajax Building Corporation.