PUBLIC-PRIVATE PARTNERSHIP ACT Senate SponsorsSen. John F. Curran-Elgie R. Sims, Jr. 1/10/2023SenateSession Sine Die New Act5 ILCS 140/7.5Creates the Public-Private Partnerships Act. Creates provisions addressing agreements between public and private entities; transparency between parties; oversight of projects; compliance with state and federal law; and fairness for local jurisdictions when negotiating public-private agreements. Adds provisions containing rules for the formation of an public-private partnership agreement; the establishment of the Infrastructure Investment Commission; the process for procuring contracts; the terms of a public-private partnership agreement; the creation of development and operation standards for projects; the taxation of contractors; financial arrangements; the insurance of debt by a responsible public entity; the acquisition of property; law enforcement; confidentiality of proposals; the maximum term of a public-private agreement; reversion of property to the State; powers of a responsible public entity with respect to qualifying projects; and prohibited local action. Makes a corresponding change in the Freedom of Information Act. 2/26/2021SenateFiled with Secretary by Sen. John F. Curran 2/26/2021SenateFirst Reading 2/26/2021SenateReferred to Assignments 3/10/2021SenateAdded as Chief Co-Sponsor Sen. Elgie R. Sims, Jr. 3/16/2021SenateAssigned to Executive 3/24/2021SenateTo Executive- Procurement 4/16/2021SenateRule 3-9(a) / Re-referred to Assignments 1/5/2022SenateRe-assigned to Executive 2/7/2022SenateTo Executive- Procurement 2/7/2022SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John F. Curran 2/7/2022SenateSenate Committee Amendment No. 1 Referred to Assignments 2/9/2022SenateSenate Committee Amendment No. 1 Assignments Refers to Executive 2/10/2022SenateRule 3-9(a) / Re-referred to Assignments 2/10/2022SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments 1/10/2023SenateSession Sine Die