2023 New York Laws › COM - Economic Development Law › Article 16 - Olympic Games Facilitation Act › 342 - Definitions.

§  342.  Definitions. As used in this article, the following words and
terms shall have the following meanings:
(a) "Comptroller" shall mean the state comptroller.
(b) "Division of budget" shall mean the state of New York division  of
budget.
(c)   "Endorsing   municipality"   shall   mean   a   municipality  or
municipalities within the state of New York that authorizes a bid  by  a
local  organizing  committee  for  selection  of  such  municipality  or
municipalities as the site of an olympic games.
(d) "Games support contract"  shall  mean  a  joinder  undertaking,  a
joinder  agreement,  and/or a similar contract executed by the state, an
endorsing municipality and a site selection organization  in  connection
with  the  selection of a municipality to host the games, and containing
terms authorized or required by this section.
(e) "Guaranty  fund"  shall  mean  the  olympic  games  guaranty  fund
established in section eighty-four-a of the state finance law.
(f)  "Joinder  agreement"  shall mean an agreement entered into by the
state, an endorsing  municipality  and  a  site  selection  organization
setting  out  representations  and assurances by the state and endorsing
municipality in connection with the selection of a site in the endorsing
municipality for the location of the olympic games.
(g) "Joinder undertaking" shall mean an agreement entered into by  the
state,  an endorsing municipality and a site selection organization that
the state and endorsing municipality will execute a joinder agreement in
the event that the site selection organization selects  a  site  in  the
endorsing municipality for an olympic games.
(h)   "Local   organizing   committee"  shall  mean  a  not-for-profit
corporation or its successor in interest that: (1) has  been  authorized
by  an  endorsing  municipality  to pursue an application and bid on the
endorsing municipality's behalf to a  site  selection  organization  for
selection as the site of an olympic games; or (2) with the authorization
of  an  endorsing  municipality,  has  executed an agreement with a site
selection organization regarding a bid to host the olympic games.
(i) "Net financial deficit" shall mean those losses resulting from the
conduct of the games which the  endorsing  municipality  and  state  are
obligated  to  indemnify  and insure against pursuant to a games support
contract. Expenses or liabilities arising from cancellation of the games
or any part thereof  due  to  any  cause  beyond  the  local  organizing
committee's  reasonable  control,  including, but not limited to acts of
war, riots and other civil disturbances, acts of God, including, but not
limited to flood, fire, weather, and earthquakes, shall not be  included
in calculating the net financial deficit.
(j) "State" shall mean the state of New York.
(k) "Olympic games" shall mean the two thousand twelve olympic games.
(l) "Site selection organization" shall mean the United States olympic
committee or the international olympic committee.
(m) "United States olympic committee" shall mean the official national
olympic  committee  of  the  United  States  of  America  which has been
authorized  by  law  to  govern  all  matters   relating   to   national
participation in the olympic games.