§ 342 — Definitions

§ 342. Definitions. As used in this article, the following words and\nterms shall have the following meanings:\n (a) "Comptroller" shall mean the state comptroller.\n (b) "Division of budget" shall mean the state of New York division of\nbudget.\n (c) "Endorsing municipality" shall mean a municipality or\nmunicipalities within the state of New York that authorizes a bid by a\nlocal organizing committee for selection of such municipality or\nmunicipalities as the site of an olympic games.\n (d) "Games support contract" shall mean a joinder undertaking, a\njoinder agreement, and/or a similar contract executed by the state, an\nendorsing municipality and a site selection organization in connection\nwith the selection of a municipality to host the games, and containing\nterms authorized or required by this section.\n (e) "Guaranty fund" shall mean the olympic games guaranty fund\nestablished in section eighty-four-a of the state finance law.\n (f) "Joinder agreement" shall mean an agreement entered into by the\nstate, an endorsing municipality and a site selection organization\nsetting out representations and assurances by the state and endorsing\nmunicipality in connection with the selection of a site in the endorsing\nmunicipality for the location of the olympic games.\n (g) "Joinder undertaking" shall mean an agreement entered into by the\nstate, an endorsing municipality and a site selection organization that\nthe state and endorsing municipality will execute a joinder agreement in\nthe event that the site selection organization selects a site in the\nendorsing municipality for an olympic games.\n (h) "Local organizing committee" shall mean a not-for-profit\ncorporation or its successor in interest that: (1) has been authorized\nby an endorsing municipality to pursue an application and bid on the\nendorsing municipality's behalf to a site selection organization for\nselection as the site of an olympic games; or (2) with the authorization\nof an endorsing municipality, has executed an agreement with a site\nselection organization regarding a bid to host the olympic games.\n (i) "Net financial deficit" shall mean those losses resulting from the\nconduct of the games which the endorsing municipality and state are\nobligated to indemnify and insure against pursuant to a games support\ncontract. Expenses or liabilities arising from cancellation of the games\nor any part thereof due to any cause beyond the local organizing\ncommittee's reasonable control, including, but not limited to acts of\nwar, riots and other civil disturbances, acts of God, including, but not\nlimited to flood, fire, weather, and earthquakes, shall not be included\nin calculating the net financial deficit.\n (j) "State" shall mean the state of New York.\n (k) "Olympic games" shall mean the two thousand twelve olympic games.\n (l) "Site selection organization" shall mean the United States olympic\ncommittee or the international olympic committee.\n (m) "United States olympic committee" shall mean the official national\nolympic committee of the United States of America which has been\nauthorized by law to govern all matters relating to national\nparticipation in the olympic games.\n