Texas Government Code 475.0056 – Joinder Agreement Terms
Terms Used In Texas Government Code 475.0056
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
The office may agree in a joinder agreement that this state will:
(1) provide or cause to be provided all of the governmental funding, facilities, and other resources specified in the local organizing committee’s, endorsing municipality’s, or endorsing county’s bid to host the games;
(2) be bound by the terms of, cause the local organizing committee, endorsing municipality, or endorsing county to perform, and guarantee performance of the committee’s, municipality’s, or county’s obligations under contracts relating to selecting a site in this state for the games; and
(3) be jointly and severally liable with the local organizing committee, endorsing municipality, or endorsing county for:
(A) an obligation of the committee, municipality, or county to a site selection organization, including an obligation indemnifying the organization against a claim of and liability to a third party arising out of or relating to the games; and
(B) any financial deficit relating to the games.