MISSISSIPPI LEGISLATURE
2020 Regular Session
To: Transportation; Appropriations
By: Representatives Miles, Faulkner, Kinkade
AN ACT TO PROVIDE THAT THE MISSISSIPPI DEPARTMENT OF TRANSPORTATION, A POLITICAL SUBDIVISION OF THE STATE OR A MUNICIPALITY OF THE STATE MAY FORM A PUBLIC-PRIVATE PARTNERSHIP FOR A HIGHWAY, ROAD OR BRIDGE IMPROVEMENT BY WHICH THE DEPARTMENT, POLITICAL SUBDIVISION OR MUNICIPALITY MAY NEGOTIATE FOR PRIVATE FUNDING ASSISTANCE TOWARD A HIGHWAY, ROAD OR BRIDGE PROJECT IN EXCHANGE FOR NAMING RIGHTS OF THE SECTION OF HIGHWAY, ROAD OR BRIDGE FOR WHICH THE PRIVATE FUNDING ASSISTANCE WAS PROVIDED; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The Mississippi Department of Transportation, a political subdivision of the state or a municipality of the state may form a public-private partnership for a highway, road or bridge improvement by which the department, political subdivision or municipality may negotiate for private funding assistance toward a highway, road or bridge project in exchange for naming rights of the section of highway, road or bridge for which the private funding assistance was provided. The Mississippi Department of Transportation shall adopt rules and regulations necessary for the department to utilize such public-private partnerships.
SECTION 2. This act shall take effect and be in force from and after July 1, 2020.