Plain English Breakdown
Checked against official source text during the last sync.
Rules for Harbor Improvement Contracts
This bill changes rules about contracts between the Department of Transportation and private companies to improve harbors, raising limits on contract sizes and adding reporting requirements.
What This Bill Does
- Increases the maximum value a single harbor improvement contract can have from $2 million to $5 million.
- Raises the total yearly limit for all such contracts from $5 million to $20 million.
- Requires the Department of Transportation to report on these contracts every year before the start of each legislative session.
Who It Names or Affects
- The Department of Transportation
- Private companies working with the Department of Transportation on harbor improvements
Terms To Know
- Capital Advancement Contract (CAC)
- A contract between a government department and private parties for improving infrastructure, like harbors.
Limits and Unknowns
- The bill does not specify how the increased limits will affect existing contracts or projects.
- It is unclear if there are any additional requirements beyond reporting that apply to these contracts.