1. State Legislative Update Christopher D. Lloyd McGuireWoods Consulting July 21, 2015

2. Major Themes Increased transparency and legislative oversight Technical fixes Few new entrants (GA and NJ) Opposition increasingly organized

3. Virginia HB 1886 (Jones) passes in wake of 460 collapse Requires “finding of public interest” by Secretary of Transportation prior to PPTA use Creates process for identifying high risk projects Increases legislative oversight of PPTA Requires re-certification of project prior to final agreement

4. Georgia Passes comprehensive social P3 statute along Virginia/Florida model (SB 59 - Hill) Resolved Deal administration concerns about state property impacts Excludes higher education Few protections for confidential information Creates legislative panel to develop guidelines (has 1 year to draft) Emerging success stories on transportation P3

5. District of Columbia Councilwoman Bowser (now Mayor) leads year long effort to create VA-MD hybrid legislation (Resolution 20-595) Receives strong industry and labor support Passed with strong Council vote Includes several DC specific provisions Recruitment for P3 office director has started

6. Maryland Technical changes regarding performance bonds and other forms of security (HB 936) All eyes on Purple Line procurement Red Line has been terminated

7. New Mexico Considers Virginia model legislation (HB 299) Makes major concessions to labor Well organized opposition from water activists, public unions Passes House (GOP controlled), fails to get full hearing in Senate (Democrat controlled) Martinez administration still supportive

8. Missouri Virginia/Florida model proposed (HB 206 – Curtman) Strong House leadership support Passes initial House hearing, fails to advance Significant political turmoil in state likely derailed I-70 effort advancing

9. Arkansas Virginia/Florida model social P3 legislation (HB 1111 – Sabin) Representative Sabin also wanted to tackle transportation P3 Stalled in committee – legislature ran out of time

10. New Jersey SB 2489 (Sweeney) Broad based legislation for buildings and transportation Permits availability payments Requires contractor “qualification” Economic Development Authority review required, highway projects require additional State Treasurer review Awaiting final approval

11. Texas HB 2475 established Center for Alternative Procurement and Finance to assist with review and evaluation of proposals Eliminated unsolicited proposal option Efforts to broaden use of public property defeated Few success stories

12. Questions/Comments? www.mcguirewoodsconsulting.com McGuireWoodsConsulting @chrislloyd_mwc