{"data":{"id":"us-vt/19-v.s.a.-2612","jurisdiction":"us-vt","citation":"19 V.S.A. § 2612","heading":"Definitions [Repealed effective July 1, 2026]","body":"As used in this subchapter:\n(1) “Facility” means transportation infrastructure that is, or if developed, would be, within the jurisdiction of the Agency or eligible for federal-aid funding managed through the Agency.\n(2) “Project” means the capital development of a facility.\n(3) “Proposal” means a conditional offer of a private entity that, after review, negotiation, and documentation, and after legislative approval if required under this subchapter, may lead to a P3 agreement as provided in this subchapter.\n(4) “Public-private partnership” or “P3” means an alternative project delivery mechanism that may be used by the Agency to permit private sector participation in a project, including in its financing, development, operation, management, ownership, leasing, or maintenance. As used in this subchapter, “partnership” shall refer solely to a “public-private partnership” and “partner” shall refer to the State or to the private entity participant or participants in a public-private partnership.\n(5) “P3 agreement” means a contract or other agreement between the Agency and a private entity to undertake a project as a public-private partnership and that sets forth rights and obligations of the Agency and the private entity in that partnership.","path":["Title 19: Highways","Chapter 026: Design-Build Contracts and Public-Private Partnerships","Subchapter 002: PUBLIC-PRIVATE PARTNERSHIP PILOT [REPEALED EFFECTIVE JULY 1, 2026]"],"source_url":"https://legislature.vermont.gov/statutes/section/19/026/02612","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T17:17:03Z","sha256":"09acb6b1a95956a524c9af8c8542f656264706b4ee8ed09ad5dc4caa23de2971","source_id":"us-vt","stale":false,"prev":"us-vt/19-v.s.a.-2611","next":"us-vt/19-v.s.a.-2613"},"notice":"GroundRules: Original legal text. Not legal advice."}