What's going to happen to the existing private prisons? I assume this involves tearing up very expensive contracts. Will the government purchase them and convert them to public ones?
The law says that current contracts can run until expiration, which is a few years from now. They'll have to either release prisoners, move them, or incarcerate fewer people (or a combination thereof) otherwise they'll have to renew the private contract, which is also allowed under the law if necessary to alleviate overcrowding.