Utah Code 63G-10-103. Notice of voidableness of settlement agreements
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Terms Used In Utah Code 63G-10-103
- Action settlement agreement: includes a stipulation, consent decree, settlement agreement, or any other legally binding document or representation that resolves a threatened or pending lawsuit between the state and another party by requiring the state to take legally binding action. See Utah Code 63G-10-102
- Agency: includes the legislative branch, the judicial branch, the attorney general's office, the State Board of Education, the Utah Board of Higher Education, the institutional councils of each higher education institution, and each higher education institution. See Utah Code 63G-10-102
- Government entities: means the state and its political subdivisions. See Utah Code 63G-10-102
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Each financial settlement agreement that might cost government entities more than $100,000 that is executed by an agency in violation of this chapter, and each action settlement agreement that is executed by an agency in violation of this chapter, is voidable by the governor or the Legislature as provided in this chapter.
Renumbered and Amended by Chapter 382, 2008 General Session