June 3, 2016

P3 in Kentucky; No More Square Peg in a Round Hole

Written By

Kenneth R. Sagan
Member, Stoll Keenon Ogden PLLC

By Kelley Rosenbaum Schenck and Kenneth R. Sagan

Nearly 75 percent of states have enacted public-private partnership (P3) legislation. On April 8, 2016, Kentucky joined these states when Gov. Matt Bevin signed House Bill 309 into law. This legislation is effective immediately.

HB 309 provides a clear statutory framework for public-private partnerships in Kentucky, authorizing state and local governments to use P3 as an alternative method of procurement, construction and financing of capital projects, services and certain major transportation projects.

Previously, P3 agreements in Kentucky had to be structured using procurement laws that were difficult to navigate and were not specifically designed for P3.

What you need to know about Kentucky’s P3 law

Kentucky’s P3 law provides a legal framework for innovative new partnerships and alternative financing arrangements between government and the private sector.

Stoll Keenon Ogden’s public-private partnership lawyers have experience assisting both governmental entities and private businesses with structuring and completing P3 deals. A team of SKO lawyers recently assisted Eastern Kentucky University with a $75 million P3 project to construct two new residence halls that will help revitalize EKU’s campus.

To learn more about Kentucky’s P3 law, contact Kelley Rosenbaum Schenck or Kenneth R. Sagan.

Written By