2011 Utah Code
Title 63M Governor's Programs
Chapter 1 Governor's Office of Economic Development
Section 2610 Project agreement.

63M-1-2610. Project agreement.
(1) If the board accepts the detailed proposal, the director shall:
(a) prepare a project agreement in consultation with the affected department and any other state entity directly impacted by the detailed proposal; and
(b) enter into the project agreement with the private entity.
(2) A project agreement shall be signed by the director, the affected department, a directly affected state entity or school district, and the private entity.
(3) A project agreement shall include provisions concerning:
(a) the scope of the project;
(b) the pricing method of the project;
(c) the director's or the state's ability to terminate for convenience or for default, and any termination compensation to be paid to the private entity, if applicable;
(d) the ability to monitor performance under the project agreement;
(e) the appropriate limits of liability;
(f) the appropriate transition of services, if applicable;
(g) the exceptions from applicable rules and procedures for the implementation and administration of the project by the affected department, if any;
(h) the clauses and remedies applicable to state contracts under Title 63G, Chapter 6, Part 6, Contract Clauses; and
(i) any other matter reasonably requested by the committee or required by the board by rule.
(4) A copy of the signed project agreement shall be submitted to:
(a) the affected department; and
(b) the Executive Appropriations Committee.
(5) A project agreement is considered a contract under Title 63G, Chapter 6, Utah Procurement Code.
(6) The affected department shall implement and administer the project agreement in accordance with rules made under Title 63G, Chapter 3, Utah Administrative Rulemaking Act, except as modified by the project agreement under Subsection (3)(g).