{"data":{"id":"us-dc/d.c.-code-2-1136","jurisdiction":"us-dc","citation":"D.C. Code § 2-1136","heading":"Regional Authority oversight; additional powers.","body":"(a)\nThe Regional Authority, in recognition of its oversight responsibility over the OCOG, shall have access to:\n(1)\nThe quarterly financial statements of the OCOG;\n(2)\nThe annual business plans of the OCOG; and\n(3)\nAll other OCOG documents necessary to achieve its oversight purpose.\n\n(b)\nThe Regional Authority shall have the power to enforce OCOG budgetary and planning changes when:\n(1)\nReview by the Regional Authority of the OCOG financial statements, annual business plans, or other documents contemplated in subsection (a) of this section suggests:\n(A)\nEconomic shortfalls that would possibly trigger the Regional Authority’s liability outlined in subsection (c); or\n(B)\nThe OCOG will fail to host the Olympic Games in a manner that would satisfy the requirements of the USOC or the IOC; and\n(2)\nSuch changes are supported by a majority of the voting members of the Regional Authority, notwithstanding the quorum requirements of § 2-1133(e)(5).\n\n(c)\nThe Regional Authority, in recognition of its duties as overseer of the OCOG, shall:\n(1)\nBe bound by the terms of, cause the OCOG to perform, and guaranty performance of, OCOG’s obligations under all documents necessary and appropriate to the pursuit of the Olympic Games;\n(2)\nCertify the OCOG’s performance of such obligations as requested by the USOC from time to time;\n(3)\nAccept liability for the OCOG, if any, as far as required by all documents necessary and appropriate to the pursuit and hosting of the Olympic Games; provided, that:\n(A)\nWith regard to third-party tort liabilities, the OCOG will indemnify the District of Columbia against any and all such claims and provide that the District of Columbia be named as an additional insured on all appropriate insurance policies. Nothing contained herein shall in any way modify the District of Columbia’s existing liability limitation; and\n(B)\nWith regard to all other liabilities arising out of this paragraph, the OCOG agrees to hold the District of Columbia harmless and indemnify the District of Columbia for any such losses. If the District of Columbia incurs any liabilities, these shall count against the total limit (or cap) on the District of Columbia’s liabilities as set forth in § 2-1137(a)(3).\n(4)\nAccept liability, if any, with the OCOG, for any financial deficit of the OCOG or the Olympic Games, as follows:\n(A)\nThe OCOG shall be responsible for any amount up to $25 million;\n(B)\nThe Regional Authority shall be liable for any amount in excess of $25 million, but not to exceed an additional $175 million; and\n(C)\nExcept as set forth in existing applicable law, the OCOG and the Regional Authority shall not be limited in their choice of funding sources for covering possible financial losses, including the purchase of insurance, if commercially available and reasonably priced.\n\n(d)\nThe Regional Authority, in its financial oversight and safeguard role, shall ensure:\n(1)\nNo legacy programs, funds, or accounts shall be funded from any of the proceeds of the 2012 Olympic Games until all budgetary and operational financial obligations of the OCOG and the Regional Authority for hosting the Olympic Games are first met; and\n(2)\nNo liability for any financial deficit resulting from the 2012 Olympic Games shall accrue to the Regional Authority (or the Signatories) until all budgetary or operational financial surpluses of the OCOG, if any, are applied to all outstanding financial obligations of OCOG and the Regional Authority, if any, that accrued exclusively in connection with hosting the Olympic Games.\n\n(e)\nThe Regional Authority, to facilitate its oversight responsibility over the OCOG, shall have the additional powers:\n(1)\nTo sue and be sued in contract and in tort;\n(2)\nTo complain and defend in all courts;\n(3)\nTo implead and be impleaded;\n(4)\nTo enter into contracts;\n(5)\nTo hire appropriate staff; and\n(6)\nAny additional powers granted to it by act.","path":["Title 2. Government Administration.","Chapter 11A. Chesapeake Regional Olympic Games Authority."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/2-1136","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"4474695ca87f57a22ec1d23b050e158390d8e65791bc8253406aaa5230a4b77c","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-2-1135","next":"us-dc/d.c.-code-2-1137"},"notice":"GroundRules: Original legal text. Not legal advice."}