227.618. Tentative approval, criteria--interim agreements, requirements. - Missouri Statutes

Tentative approval, criteria--interim agreements, requirements.

227.618. 1. The commission may by commission minute grant tentativeapproval of the potential private partner whose request for approval orresponse to a request for proposal provides the best value to the state forfinancing, developing, and/or operating the project. The commission shallestablish criteria for making a determination including:

(1) The general reputation, qualifications, industry experience, andfinancial 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 fora potential private partner to finance, develop, and/or operate a project,the commission may review and approve by commission minute an interimagreement with the private partner. Such interim agreement shall be in aform prescribed by the commission and:

(1) May authorize the potential private partner to commenceactivities for which it may be compensated relating to the proposedproject;

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

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

(L. 2006 H.B. 1380)

*Word "deems" appears in original rolls.