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Kentucky Proposes P3 Rules with Bonding Requirements

Friday, September 9, 2016  
  Kentucky Proposes P3 Rules with Bonding Requirements 

The Kentucky Finance and Administration Cabinet has proposed regulations to implement the new public-private partnership (P3) law enacted this year authorizing state and local governments to enter into P3s for capital projects. The proposed rules would require State and local capital projects delivered as a P3 to be bonded. SFAA and AIA had the P3 legislation amended to require bonding for local government P3s, but the requirements and procedures for State P3s must be promulgated by regulations. SFAA is supporting the adoption of the regulations.

Members should visit Government Relations / General Info (Members) for more information.

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