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2025 Regular Session Introduced by Vanessa LaFleur

HR 56 mandates the development of cost estimation methods for delays in public and private projects, improving planning and reducing financial impacts on developers and communities.

Taken by the Clerk of the House and presented to the Secretary of State in accordance with the Rules of the House.

Bill Overview

Bill Number: HR 56
Title: Requesting the Office of Planning and Sustainable Development, in Coordination with Appropriate State and County Departments or Agencies, to Develop Methods to Estimate Costs Associated with Delays in Certain Public and Private Development Projects.
Status: Reported from FIN (Stand. Com. Rep. No. 1797), recommending adoption.
Introduced: January 03, 2025
Classification: Resolution
Subject: Costs of Delay for Public and Private Projects, Office of Planning and Sustainable Development, Permitting

Purpose and Intent

The primary purpose of HR 56 is to address the financial implications of delays in public and private development projects. The resolution seeks to enhance the understanding of these costs by requesting the Office of Planning and Sustainable Development to develop systematic methods for estimating the financial impact of such delays. This initiative aims to improve project planning and execution, ultimately fostering more efficient development processes.

Key Provisions

Development of Cost Estimation Methods: The resolution mandates the Office of Planning and Sustainable Development to collaborate with relevant state and county departments or agencies to create standardized methods for estimating costs associated with delays in development projects.

Focus on Public and Private Projects: The resolution applies to both public and private sector development initiatives, ensuring a comprehensive approach to understanding the economic impacts of delays across different types of projects.

Affected Parties

State and County Departments: Various governmental agencies involved in planning and permitting processes will be directly impacted as they will need to engage in the development of these cost estimation methods.

Developers and Contractors: Both public and private developers will benefit from clearer insights into the potential costs associated with project delays, which can inform their planning and budgeting processes.

Community Stakeholders: Local communities may experience improved project timelines and outcomes as a result of better planning and reduced delays.

Legislative Timeline

January 03, 2025: Introduced in the House and referred to the House Committee on the Judiciary.

March 05, 2025: The resolution was offered.

March 14, 2025: Referred to the Finance Committee (FIN).

March 28, 2025: Scheduled for a hearing by the FIN committee.

March 31, 2025: The FIN committee recommended that the measure be passed, unamended, with a vote of 14 Ayes and 2 Excused.

April 03, 2025: The resolution was adopted in its final form with no votes against it.

Conclusion

HR 56 represents a proactive step towards understanding and mitigating the economic impacts of delays in development projects. By establishing methods for estimating these costs, the resolution aims to enhance project efficiency and effectiveness, benefiting both developers and the communities they serve.

Bill