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Evaluation of private investment opportunities - 74 Pa. Cons. Stat. § 1520

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     § 1520.  Evaluation of private investment opportunities.
        (a)  Study.--A local transportation organization receiving
     funding in an amount greater than $5,000,000 annually under this
     chapter shall undertake a study to evaluate the feasibility of
     utilizing partnerships with private service providers and
     financial partners as a method to operate and finance new or
     existing services. Within one year following the effective date
     of this section, each local transportation organization required
     to evaluate private participation under this section shall
     submit a report to the secretary and the majority chairperson
     and minority chairperson of the Transportation Committee of the
     Senate and the majority chairperson and minority chairperson of
     the Transportation Committee of the House of Representatives.
        (b)  Report.--The report shall, at a minimum, include the
     results of the evaluation, a determination of the viability of
     greater private partnering and any recommendations about how to
     achieve greater participation from the private sector.
        (c)  Preclusion.--Nothing in this section shall preclude a
     local transportation organization receiving less than $5,000,000
     annually under this chapter from making an evaluation of greater
     private involvement in their operations.

Last modified: November 27, 2007