Washington § 47.47.140 - Best value finding and agreement execution.

Full text of Washington Revised Code of Washington § 47.47.140 — Best value finding and agreement execution., with citation guidance and answers to common questions.

§ 47.47.140. Best value finding and agreement execution.

Before executing an agreement under RCW 47.47.130, the department must make a formal finding that the negotiated partnership agreement is expected to result in best value for the public, and the agreement must be approved through duly enacted legislation. The department must develop and adopt a process and criteria for measuring, determining, and transparently reporting best value relevant to the proposed project. At minimum, the criteria must include:
(1) A comparison of the total cost to deliver the project, including any operations and maintenance costs, as a public-private partnership compared to traditional or other alternative delivery methods available to the department;
(2) A comparison with the department's current plan, resources, delivery capacity, and schedule to complete the project that documents the advantages of completing the project as a public-private partnership versus solely as a public venture; and
(3) Factors such as, but not limited to: Priority, cost, risk sharing, scheduling, asset and service quality, innovation, and management conditions.
[ 2025 c 417 s 1214.]

Notes

Effective date—2025 c 417 ss 304 and 1201-1224: See note following RCW 46.63.200.
Findings—Intent—2025 c 417: See note following RCW 82.38.030.

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Frequently Asked Questions About Washington § 47.47.140

What does Revised Code of Washington § 47.47.140 cover?

Section 47.47.140 ("Best value finding and agreement execution.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 47.47.140?

A common citation format is "Revised Code of Washington § 47.47.140" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 47.47.140 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.