IRS Issues New Safe Harbors for Management Contracts to Facilitate P3s

This quote is toward the bottom but I think it has a significant point to why this IRS perspective matters:

>"An owner is one who shares in the profits and losses of the business," Caprera said. "If the manager's compensation is reasonable and not tied to profits or losses, the Rev. Proc. recognizes that the manager is not an owner."

The details in the article clarify the reasoning. Maybe a few here are tax/policy students too (amateur or otherwise). Hoping the US infrastructure will find ways to benefit, I'm of the belief a lot of investment is needed and employment of local, perhaps stationary labor in a CCC-type make-work program. Worked before...

I read that as "Management Contracts to Facilitate PS3s" and couldn't for the life of me understand why they'd want to use an older console.