Florida Regulations 14-107.0011: Public-Private Transportation Facilities
Current as of: 2024 | Check for updates
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(1) An initial fee of $50,000 payable to the Florida Department of Transportation shall accompany any unsolicited public-private transportation facility proposal. Unsolicited proposals received without the initial fee shall not be accepted.
(2) Payment shall be made by cash, cashier’s check, or any other non-cancelable instrument. Personal checks will not be accepted.
(3) If the initial fee is not sufficient to pay the Department’s costs of evaluating the unsolicited proposal, the Department shall request in writing additional amounts required. The public-private partnership or private entity submitting the unsolicited proposal shall pay the requested additional fee within 30 days. Failure to pay the additional fee shall result in the proposal being rejected.
Rulemaking Authority 334.044(2), 334.30 FS. Law Implemented 334.30(1) FS. History-New 3-13-97, Amended 12-14-04, 2-17-10.
Terms Used In Florida Regulations 14-107.0011
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(3) If the initial fee is not sufficient to pay the Department’s costs of evaluating the unsolicited proposal, the Department shall request in writing additional amounts required. The public-private partnership or private entity submitting the unsolicited proposal shall pay the requested additional fee within 30 days. Failure to pay the additional fee shall result in the proposal being rejected.
Rulemaking Authority 334.044(2), 334.30 FS. Law Implemented 334.30(1) FS. History-New 3-13-97, Amended 12-14-04, 2-17-10.