A Private Development Party In Public Real Estate

Law360, New York (November 4, 2011, 4:58 PM EDT) -- Effective Sept. 1, 2011, the Texas Legislature enacted the Public and Private Facilities and Infrastructure Act [1] for the purpose of enabling private investment in public facilities and infrastructure.

The Texas Facilities Commission[2] recently adopted Public-Private Partnership Guidelines[3] setting forth the application requirements for qualifying public-private development projects and the review criteria and processes by which applications for such projects will be evaluated by the commission and other governmental entities.

The adoption of the guidelines is intended to provide certainty to the process of proposing and...
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