In 1995, the Florida state legislature created the High Speed Rail Authority (HSRA) and came up with a public-private partnership model. Government would build the system leveraging state dollars with federal funds and tax-free bonding. The private sector was to invest money in the project, help design and build the network, and be given the franchise to operate the trains (known as design-build-maintain-operate, or DBOM). Trains would be privately owned, similar to how the airline industry operates in a publicly financed airport.