1520 - Evaluation of private investment opportunities.

     § 1520.  Evaluation of private investment opportunities.        (a)  Study.--A local transportation organization receiving     funding in an amount greater than $5,000,000 annually under this     chapter shall undertake a study to evaluate the feasibility of     utilizing partnerships with private service providers and     financial partners as a method to operate and finance new or     existing services. Within one year following the effective date     of this section, each local transportation organization required     to evaluate private participation under this section shall     submit a report to the secretary and the majority chairperson     and minority chairperson of the Transportation Committee of the     Senate and the majority chairperson and minority chairperson of     the Transportation Committee of the House of Representatives.        (b)  Report.--The report shall, at a minimum, include the     results of the evaluation, a determination of the viability of     greater private partnering and any recommendations about how to     achieve greater participation from the private sector.        (c)  Preclusion.--Nothing in this section shall preclude a     local transportation organization receiving less than $5,000,000     annually under this chapter from making an evaluation of greater     private involvement in their operations.