Utah Code 63G-28-401. Governor authority to execute host agreement — Legislative notice
Current as of: 2024 | Check for updates
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(1) Subject to Subsection (3), the governor may:
Terms Used In Utah Code 63G-28-401
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Games: means the 2030 or 2034 Olympic and Paralympic Winter Games. See Utah Code 63G-28-101
- Games committee: means the Olympic and Paralympic Winter Games Coordination Committee created in Section
63G-28-201 . See Utah Code 63G-28-101 - Host agreement: means an agreement with a site selection committee that is made in connection with the selection of the state for the location of the games. See Utah Code 63G-28-101
- Host assurance: means a written assurance to a site selection committee that is made in connection with the selection of the state for the location of the games. See Utah Code 63G-28-101
- Host committee: means a nonprofit corporation, including a successor in interest, that may:(7)(a) provide an application and bid to a site selection committee for selection of the state as the location of the games; and(7)(b) execute an agreement with the United States Olympic and Paralympic Committee regarding a bid and the bid process to host the games. See Utah Code 63G-28-101
- Person: means :
(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5- Site selection committee: means the International Olympic Committee or the International Paralympic Committee. See Utah Code 63G-28-101
- 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
- State security: means a financial obligation undertaken by the state under a host agreement. See Utah Code 63G-28-101
(1)(a) enter into a host agreement on behalf of the state that provides:(1)(a)(i) state security for:(1)(a)(i)(A) amounts owed by the state to a site selection committee for claims by third parties arising out of or relating to the games; and(1)(a)(i)(B) a financial deficit accruing to the state as a result of hosting the games; and(1)(a)(ii) other terms necessary for the state to host the games; and(1)(b) make a host assurance on behalf of the state that is necessary for the state to host the games.(2) The state security under a host agreement may not be paid until after:(2)(a) any security provided by the host committee or another person is expended and exhausted; and(2)(b) the limits of any available insurance policy are expended and exhausted.(3) The governor shall:(3)(a) ensure a host agreement includes:(3)(a)(i) a requirement that a signatory of the host agreement mitigate damages if the signatory breaches the host agreement;(3)(a)(ii) a provision allowing the state to terminate the host agreement for another signatory’s unlawful activity; and(3)(a)(iii) other provisions that protect:(3)(a)(iii)(A) the state against liability under the host agreement; and(3)(a)(iii)(B) the state’s financial assets; and(3)(b) provide a copy of a host agreement or host assurance to the games committee and the Legislative Management Committee at least 72 hours before entering into the host agreement or making the host assurance. - Person: means :