The Florida Senate

288.1235  State execution of games-support contracts; assistance of state agencies.--

(1)  The direct-support organization authorized under s. 288.1229 shall review an application from a local organizing committee that the direct-support organization authorized under s. 288.1229, on behalf of the state, commit to enter into a games-support contract that is required by the United States Olympic Committee or the International Olympic Committee in connection with the selection of a candidate city in this state to host the games.

(2)  An application made under subsection (1) must be accompanied by:

(a)  A description and summary of the games for which host-city designation is sought by the local organizing committee.

(b)  A description of the proposal that the local organizing committee intends to submit to the United States Olympic Committee, including the proposed venues to be used to conduct the games.

(c)  Projections of the paid attendance and direct and indirect economic impact of the games on the state and the candidate city, including the basis and methodology for such projections.

(d)  The anticipated total cost of presenting the games and the committee's plan for financing this cost.

(e)  The resources committed to the conduct of the games by the candidate city and any other participating municipalities or government entities.

(f)  Any other information reasonably requested by the direct-support organization authorized under s. 288.1229, within 30 days after receipt of the application, to assist the direct-support organization in completing its evaluation as required under subsection (3).

(3)  Within 60 days after receiving all information required under subsection (2), the direct-support organization authorized under s. 288.1229 shall approve or deny any application made under subsection (1). In making this determination, the direct-support organization must make findings regarding the following:

(a)  The reasonableness and reliability of the local organizing committee's revenue and expenditure projections.

(b)  The reasonableness and reliability of the projection relating to the direct and indirect economic impact of hosting the games.

(c)  The extent to which the candidate city and other participating jurisdictions have committed sufficient resources to the conduct of the games.

(d)  The extent to which the local organizing committee has sought to maximize the use of existing venues throughout the state, within the limitation imposed by the United States Olympic Committee regarding transportation, accommodations, facility capacity, and customs and practices.

(e)  The extent to which the local organizing committee has demonstrated that it has provided, is capable of providing, has financial or other commitments to provide for, or provides findings of projected financial revenues reasonably calculated to cover the costs incurred or anticipated in relation to presentation of the games.

(f)  The extent to which the state's obligations and risks are reasonable in light of the anticipated benefits to the state and its residents.

(4)  The direct-support organization authorized under s. 288.1229 may agree in a joinder undertaking entered into with the United States Olympic Committee or the International Olympic Committee that the direct-support organization authorized under s. 288.1229 will:

(a)  Execute a joinder agreement if the United States Olympic Committee selects a candidate city in the state to host the games.

(b)  Refrain from taking any action after the execution of the joinder undertaking which would impair its ability to execute the joinder agreement.

(5)  The direct-support organization authorized under s. 288.1229 may agree in a joinder agreement that the state will fulfill its obligations under a games-support contract to indemnify and insure the United States Olympic Committee or the International Olympic Committee against any net financial deficit resulting from the conduct of the games.

(6)  The direct-support organization authorized under s. 288.1229 may agree to execute a games-support contract only if the candidate city has executed a contract with the United States Olympic Committee which contains substantially similar terms and:

(a)  The findings made pursuant to subsection (3) continue to be valid.

(b)  The state's obligations and risk pursuant to the games-support contract are reasonable in light of the anticipated benefits to the state and its residents.

(c)  Any financial commitments of the state will be satisfied exclusively by recourse to the Olympic Games Guaranty Account.

(7)  The direct-support organization authorized under s. 288.1229 may require a local organizing committee to list the state as an additional insured on any policy of insurance purchased by the local organizing committee and required by the United States Olympic Committee or the International Olympic Committee to be in effect in connection with the games.

(8)  Notwithstanding any other provision of this act, the direct-support organization authorized under s. 288.1229 may not obligate the state to pay any part of the cost of acquiring any interest in real or personal property or the cost of planning, designing, or constructing any improvement to real property.

History.--s. 5, ch. 2000-148.