(1) The department shall enter into an agreement for each public-private initiative.
The department shall include terms and conditions in the agreement that it determines are appropriate in the public interest and to protect highway and traffic safety.
The agreement may provide that:
The private entity may pledge the transportation system project or the right-of-wayinvolved in the transportation system project if the project or right-of-way is entirely funded by private moneys and the department determines that such a pledge is in the public interest. The private entity shall not pledge or cause a lien to be created on a transportation system project or a right-of-way involved in a transportation system project if public funds were used to purchase the project or right-of-way or the department owns the project or right-of-way.
The private entity owns the highway and right-of-way involved in the transportationsystem project if the project or right-of-way is entirely funded by private moneys and the department determines that such ownership is in the public interest. The department may not transfer ownership of a transportation system project or a right-of-way involved in a transportation system project if public funds were used to purchase the project or right-of-way or the department owns the project or right-of-way.
Notwithstanding the fact that the department enters into an agreement for a publicprivate initiative, the department is not a partner or a joint venturer with the private entity for any purpose.
The department shall not enter into any exclusive arrangement, lease, or other agreement for use of the public rights-of-way by a telecommunications provider that in any way discriminates or prevents a similar arrangement being made with any other telecommunications provider. All leases of rights-of-way to telecommunications providers must be done on a nondiscriminatory same-term basis. If a telecommunications provider compensates the state in other than cash, a cash equivalent value must be imputed and attached to the agreement, and any other telecommunications provider may have equal access to the right-of-way for the cash equivalent. The cash equivalent shall be an estimate of the fair market value of the service or product provided to the state, and a telecommunications provider may ask a court of competent jurisdiction to review the imputed monetary amount which the court may lower to the reasonable fair market value if necessary.
Source: L. 95: Entire part added, p. 259, § 2, effective April 17. L. 98: (3) amended, p. 447, § 12, effective August 5.
Cross references: For the legislative declaration contained in the 1998 act amending subsection (3), see section 1 of chapter 154, Session Laws of Colorado 1998.
Revenue - disposition - use. The department shall deposit any private contribution of money and any department share of revenue or income resulting from a transportation system project, if any, in the state highway supplementary fund created in section 43-1-219. The department shall use the contributed moneys for transportation purposes.
Source: L. 95: Entire part added, p. 260, § 2, effective April 17.
Rules. The transportation commission created pursuant to section 43-1-106 shall adopt rules that it determines are necessary or appropriate to implement this part 12, including rules on the solicitation and evaluation of public-private initiatives, initiative agreements, private contributions, public benefits to be granted in exchange for contributions, and the receipt, content, and proper handling of unsolicited or comparable proposals for transportation system projects.
Source: L. 95: Entire part added, p. 260, § 2, effective April 17.
Applicability - public highway use by public and private entities. This part 12 is subject to applicable state and federal laws to the extent that such laws authorize the use of public highways by any public or private entity.
Source: L. 95: Entire part added, p. 260, § 2, effective April 17.