Pilot program; establish for community and junior college facilities performance contracting.

An Act To Amend Section 31-7-14, Mississippi Code Of 1972, To Establish A Pilot Program Authorizing The Use Of Performance-based Contracts To Improve, Operate And Maintain Public Facilities On Community And Junior College Campuses; To Provide That The Program Shall Operate For No More Than Seven Years, Subject To Extension Or Expansion By The Legislature; To Define "facilities Performance Contract"; To Expand The Definition Of "savings"; To Waive The Payback Period Limitation; To Provide That A Facilities Performance Contract Under This Act May Include Long-term Operation, Maintenance, Repair, Replacement And Management Services; To Require Certain Provisions In Each Contract Under This Act; To Provide For Procurement; To Create Reporting Requirements; And For Related Purposes.