PUBLIC-PRIVATE PARTNERSHIP ACT Senate SponsorsSen. Heather A. Steans-Karen McConnaughay 1/10/2017SenateSession Sine Die New Act30 ILCS 105/5.875 newCreates the Public-Private Partnerships Act. Defines terms. Establishes the Office of Public-Private Partnerships within the Executive Branch. Provides that the Office shall provide public agencies, units of local government, and private entities assistance and expertise on public-private partnership agreements. Allows any public agency, with approval from the Office, to enter into a public-private partnership agreement with any private entity for improving transportation assets, public buildings, public services, or other public assets. Provides that within 90 days after the effective date of the Act, the Office shall establish procedures and guidelines for the submission, evaluation, and approval of projects. Creates the Local Alternative Procurement Fund as a special fund in the State treasury. Provides that money in the Local Alternative Procurement Fund shall be appropriated to public agencies and shall be used for the development, financing, and operation of transportation assets, public buildings, public services, and other public assets. Makes a corresponding change in the State Finance Act. Effective July 1, 2016. 2/19/2016SenateFiled with Secretary by Sen. Heather A. Steans 2/19/2016SenateFirst Reading 2/19/2016SenateReferred to Assignments 2/24/2016SenateAdded as Chief Co-Sponsor Sen. Karen McConnaughay 3/8/2016SenateAssigned to Commerce and Economic Development 4/8/2016SenateRule 2-10 Committee Deadline Established As April 22, 2016 4/22/2016SenateRule 3-9(a) / Re-referred to Assignments 1/10/2017SenateSession Sine Die