63G-10-202 - Legislative review and approval of financial settlement agreements.
63G-10-202. Legislative review and approval of financial settlement agreements.
(1) (a) Before legally binding the state by executing a financial settlement agreement thatmight cost government entities more than $500,000 to implement, an agency shall:
(i) submit the proposed financial settlement agreement to the governor for the governor'sapproval or rejection as required by Section 63G-10-201; and
(ii) if the governor approves the financial settlement agreement, submit the financialsettlement agreement to the Legislative Management Committee for its review andrecommendations.
(b) The Legislative Management Committee shall review the financial settlementagreement and may:
(i) recommend that the agency execute the financial settlement agreement;
(ii) recommend that the agency reject the financial settlement agreement; or
(iii) recommend to the governor that the governor call a special session of the Legislatureto review and approve or reject the financial settlement agreement.
(2) (a) Before legally binding the state by executing a financial settlement agreement thatmight cost government entities more than $1,000,000 to implement, an agency shall:
(i) submit the proposed financial settlement agreement to the governor for the governor'sapproval or rejection as required by Section 63G-10-201; and
(ii) if the governor approves the financial settlement agreement, submit the financialsettlement agreement to the Legislature for its approval in an annual general session or a specialsession.
(b) (i) If the Legislature approves the financial settlement agreement, the agency mayexecute the agreement.
(ii) If the Legislature rejects the financial settlement agreement, the agency may notexecute the agreement.
(c) If an agency executes a financial settlement agreement without obtaining theLegislature's approval under this Subsection (2):
(i) the governor may issue an executive order declaring the settlement agreement void; or
(ii) the Legislature may pass a joint resolution declaring the settlement agreement void.
Renumbered and Amended by Chapter 382, 2008 General Session