63G-10-201 - Governor to approve financial settlement agreements.
63G-10-201. Governor to approve financial settlement agreements.
(1) Before legally binding the state by executing a financial settlement agreement thatmight cost government entities more than $100,000 to implement, an agency shall submit theproposed financial settlement agreement to the governor for the governor's approval or rejection.
(2) The governor shall approve or reject each financial settlement agreement.
(3) (a) If the governor approves the financial settlement agreement, the agency mayexecute the agreement.
(b) If the governor rejects the financial settlement agreement, the agency may not executethe agreement.
(4) If an agency executes a financial settlement agreement without obtaining thegovernor's approval under this section, the governor may issue an executive order declaring thesettlement agreement void.
Renumbered and Amended by Chapter 382, 2008 General Session