Governance of public-private agreements.

Requires a governmental body to hold a public comment hearing regarding the necessity of a qualifying project prior to issuing a request for proposal or a request for quotation for the qualifying project. After the governmental body selects the operator, but before the operator begins developing or operating the qualifying project, requires: (1) the governmental body to consult with an external entity that specializes in public financial planning; (2) the external entity to produce a report that verifies the financial feasability of the qualifying project; and (3) that the report be made available to the public. Provides that for both performance and payment bonds, the amount must be an amount not less than 100% of the cost to design and construct the qualifying project.