Hurricanes Could Propel NY Public-Private Investment Law

Law360, New York (November 2, 2012, 6:23 PM EDT) -- With Hurricanes Sandy and Irene having exposed weaknesses in New York's infrastructure, stalled legislation that would allow buyout firms, banks and other private investors to back public projects in the cash-strapped state is likely to receive a new push as Gov. Andrew Cuomo and other officials search for long-term fixes.

Efforts to pass such a law, which has Cuomo's support, stalled in Albany this spring when a Republican-sponsored state Senate bill to generate "greater flexibility in delivery and financing of transportation infrastructure projects," from sources including...
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