49 USC 5315 – Private sector participation
(a)
(1) better coordinate public and private sector-provided public transportation services;
(2) promote more effective utilization of private sector expertise, financing, and operational capacity to deliver costly and complex new fixed guideway capital projects; and
(3) promote transparency and public understanding of public-private partnerships affecting public transportation.
Terms Used In 49 USC 5315
- 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.
(b)
(1) provide technical assistance to recipients of Federal transit grant assistance, at the request of a recipient, on practices and methods to best utilize private providers of public transportation; and
(2) educate recipients of Federal transit grant assistance on laws and regulations under this chapter that impact private providers of public transportation.
(c)
(1) identify best practices for public-private partnerships models in the United States and in other countries;
(2) develop standard public-private partnership transaction model contracts; and
(3) perform financial assessments that include the calculation of public and private benefits of a proposed public-private partnership transaction.
(d)
(1) the eligibilities, requirements, or priorities for assistance provided under this chapter; or
(2) the requirements of section 5306(a).