(a) CREATE REQUIREMENTS REGARDING THE AUTHORITY FOR STATE PUBLIC ENTITIES TO INITIATE REQUESTS FOR PROPOSALS OR BIDS OR TO REVIEW ANY [[PRIVATE PARTNER]]-INITIATED PROPOSALS FOR [[PUBLIC PROJECT|PUBLIC PROJECTS]] TO BE COMPLETED THROUGH PUBLIC-PRIVATE PARTNERSHIPS SUBJECT TO THE [[EXECUTIVE DIRECTOR]]'S APPROVAL PURSUANT TO SECTION [[24-94-104 (1)]]. THE PROCESSES MAY INCLUDE, BUT NEED NOT LIMITED TO: - (I) COMPLETION OF ANALYSES REGARDING PERCEIVED ADVANTAGES, DISADVANTAGES, RISKS, BENEFITS, COSTS, AND VALUE-FOR-MONEY OF A PROPOSED [[PUBLIC-PRIVATE PARTNERSHIP]]; - (II) DOCUMENTED CONSIDERATIONS OF POTENTIAL FUNDING ALTERNATIVES, IMPACTS ON AFFECTED COMMUNITIES, AND THE SUITABILITY AND SCOPE OF A PROPOSED [[PUBLIC-PRIVATE PARTNERSHIP]]; - (III) DOCUMENTED CONSIDERATIONS OF THE ENTIRE LIFE CYCLE OF A PROPOSED [[PUBLIC-PRIVATE PARTNERSHIP]], INCLUDING PLANNING, DESIGN, ENGINEERING, CONSTRUCTION, REPAIR, MAINTENANCE, OPERATIONS, FINANCING, AND HANDOVER; - (IV) DUE DILIGENCE REQUIREMENTS; AND - (V) DEVELOPMENT OF ANY OTHER MATERIALS, ANALYSES, CONSIDERATIONS, REQUIREMENTS, OR REPORTS NECESSARY FOR THE [[EXECUTIVE DIRECTOR]] TO MAKE A DETERMINATION THAT THE PROPOSAL FOR A [[PUBLIC-PRIVATE PARTNERSHIP]] SERVES AN IMPORTANT SOCIAL OR ECONOMIC VALUE, INCLUDING BUT NOT LIMITED TO INCREASED BEHAVIORAL HEALTH CAPACITY, BROADBAND DEPLOYMENT, AFFORDABLE HOUSING DEVELOPMENT, CHILD CARE SERVICES, OR ANY OTHER PUBLIC BENEFIT.