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Utah Code Title 63G. General Government § 63G-28-401. Governor authority to execute host agreement--Legislative notice

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Subject to Subsection (3), the governor may:

(a) enter into a host agreement on behalf of the state that provides:

(i) state security for:

(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

(B) a financial deficit accruing to the state as a result of hosting the games; and

(ii) other terms necessary for the state to host the games; and

(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:

(a) any security provided by the host committee or another person is expended and exhausted; and

(b) the limits of any available insurance policy are expended and exhausted.

(3) The governor shall:

(a) ensure a host agreement includes:

(i) a requirement that a signatory of the host agreement mitigate damages if the signatory breaches the host agreement;

(ii) a provision allowing the state to terminate the host agreement for another signatory's unlawful activity; and

(iii) other provisions that protect:

(A) the state against liability under the host agreement; and

(B) the state's financial assets; and

(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.

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Cite this article: FindLaw.com - Utah Code Title 63G. General Government § 63G-28-401. Governor authority to execute host agreement--Legislative notice - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63g-general-government/ut-code-sect-63g-28-401/

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