The State of New Jersey has launched a public inquiry to seek feedback on the proposed rules for the expansion of its Public-Private Partnership (P3) program.

The new P3 program was signed into law by Governor Murphy in August 2018. The program allows a school district, college or university, municipality, county, or other state entity to enter into an agreement with a private organization that would assume the financial and administrative responsibility for the development, construction, reconstruction, repair, alteration, improvement, extension, operation, and maintenance of a government-related project. P3 projects must be financed in whole or in part by the private organization.

The proposed rules include steps for submitting a P3 project, procedures by which a proposed project is examined and approved, project timelines, and any fees associated with the P3 program.

The 60-day public comment window ends on August 16, 2019.