§ 10A-401. General consideration

   (a) Contents. -- Whenever applicable, a public-private partnership agreement shall include the following provisions:

   (1) the method and terms for approval of any assignment, reassignment, or other transfer of interest related to the public-private partnership agreement;

   (2) the methods and terms for setting and adjusting tolls, fares, fees, and other charges related to the public infrastructure asset;

   (3) the method and terms for revenue-sharing or other sharing in fees or charges, in which the public participates in the financial upside of asset performance of the public infrastructure asset;

   (4) minimum quality standards, performance criteria, incentives, and disincentives;

   (5) operations and maintenance standards;

   (6) the rights for inspection by the State;

   (7) the terms and conditions under which the reporting agency may provide services for a fee sufficient to cover both direct and indirect costs;

   (8) provisions for oversight and remedies and penalties for default;

   (9) the terms and conditions under which the reporting agency originating the public-private partnership shall be responsible for ongoing oversight;

   (10) the terms and conditions for audits by the State, including the Office of Legislative Audits, related to the agreement's financial records and performance;

   (11) the terms and conditions under which the public infrastructure assets shall be returned to the State at the expiration or termination of the agreement; and

   (12) requirements for the private entity to provide performance and payment security in a form and in an amount determined by the responsible public entity, except that requirements for the payment security for construction contracts shall be in accordance with Title 17, Subtitle 1 of this article, including the requirement that payment security shall be established on the value of the construction elements of the public-private partnership agreement and not on the total value of the public-private partnership agreement.

(b) Provisions regarding compensation for competing infrastructure developments. --

   (1) A public-private partnership agreement may include a provision that, except as provided in paragraph (2) of this subsection, compensation may be provided for competing infrastructure developments that directly result in a documented revenue loss for the private entity in a public-private partnership.

   (2) Compensation may not be provided as a result of State infrastructure developments already in the State's Capital Improvement Program or Consolidated Transportation Program planning documents at the time the public-private partnership agreement is executed, safety initiatives, infrastructure improvements with minimal capacity increases, or infrastructure for other transportation modes that are not the subject of the public-private partnership.

(c) Noncompetition clause prohibited. -- A public-private partnership agreement may not include a noncompete clause for public-private partnership projects involving road, highway, or bridge assets.

HISTORY: 2013, ch. 5, § 1.