1. (a) This section applies to a public-private agreement to which the authority is a party under IC 8-15.5 and that is originally entered into after May 1, 2019.

2. (b) If an extension or an amendment to a public-private agreement would increase the amount to be:

   1. (1) paid by the authority to the operator, another private entity, or a governmental entity by at least one hundred million dollars ($100,000,000); or

   2. (2) received by the operator or a party related to the operator by at least one hundred million dollars ($100,000,000);

      the authority shall submit the proposed extension or amendment to the public-private agreement to the budget committee established by IC 4-12-1-3 for its review. The budget committee may request that the authority or the department of transportation, or both, appear at a public meeting of the budget committee concerning the proposed extension or amendment to the public-private agreement. The authority may not enter into any extension or amendment to the public-private agreement until after the budget committee has reviewed the proposed extension or amendment.

As added by P.L.108-2019, SEC.82.