Utah Code 63G-10-301. Cost evaluation of action settlement agreements
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(1) Before legally binding the state to an action settlement agreement that might cost the state a total of $250,000 or more to implement, inclusive of the cost of the required action and any required monetary payment, an agency shall estimate the cost of implementing the action settlement agreement and submit that cost estimate to the governor and the Legislative Management Committee.
Terms Used In Utah Code 63G-10-301
- Action settlement agreement: includes a stipulation, consent decree, settlement agreement, or any other legally binding document or representation that resolves a threatened or pending lawsuit between the state and another party by requiring the state to take legally binding action. See Utah Code 63G-10-102
- Agency: includes the legislative branch, the judicial branch, the attorney general's office, the State Board of Education, the Utah Board of Higher Education, the institutional councils of each higher education institution, and each higher education institution. See Utah Code 63G-10-102
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) The Legislative Management Committee may:
(2)(a) direct its staff to make an independent cost estimate of the cost of implementing the action settlement agreement; and
(2)(b) affirmatively adopt a cost estimate as the benchmark for determining which authorizations established by this part are necessary.