Amend the bill, as and if amended, Part IB, Section 88, STATE PORTS AUTHORITY, page 438, proviso 88.5, by striking lines 11-36 and page 439 by striking lines 1-16 and inserting / 88.5. (SPA:
(A) From the funds appropriated to the Department of Administration, the Department of Administration is directed to conduct a competitive bidding process for the sale of the State's interest in the development of the Jasper Ocean Terminal. The Department of Administration shall procure such professional services as are necessary to conduct the sale, the evaluation of bids received, and related activities. Staff from the State Fiscal Accountability Authority's Procurement Services Division shall assist the department in conducting the competitive bidding process and procuring any necessary professional services.
(B) The department shall conduct a thorough evaluation of all bids received through the competitive bidding process. At the conclusion of its evaluation of the bids, the department shall make a recommendation regarding the bid that the department considers to be in the best interest of the State and its taxpayers.
(C) The department shall present to the Chairman of the Senate Finance Committee and the Chairman of the House of Representatives Ways and Means Committee its full evaluation of each bid and its recommendation for a proposed purchaser, justifications for its recommendation, a proposed contract to execute the sale, and any supporting documents. The Senate Finance Committee and the House of Representatives Ways and Means Committee shall each meet as soon as practicable to review and make a recommendation regarding the proposed sale. Upon receipt of the recommendation from their respective committees, the President of the Senate and the Speaker of the House of Representatives shall convene their respective bodies to consider any legislation concerning the sale.
(D) The department must execute any documents necessary in order to effectuate the sale upon the enactment of a joint resolution approving the sale. The net proceeds of the sale shall be deposited in the General Fund to reimburse the State for costs incurred for the development of the terminal as of the date of the sale.
(E) The State Ports Authority is directed to provide any and all resources necessary to conduct the competitive bidding process and evaluation of the bids received./
Renumber sections to conform.
Amend sections, totals and title to conform.