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Thread: Terminator is back!
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[quote=KATRINA,231066]Terminator is back! Schwarzenegger signs legislation supporting LA's 2016 Olympic bid. California Governor Arnold Schwarzenegger on Tuesday signed legislation supporting Los Angeles' bid for hosting the 2016 Summer Olympic Games. This bill authorizes the state to enter into an agreement to be jointly liable for cost overruns of up to 250 million dollars with the Southern California Committee for the Olympic Games (SCCOG) for the 2016 Summer Olympic Games if Los Angeles became the host city, the governor said in a statement e-mailed to Xinhua. This bill allows the City of Los Angeles to meet the USOC ( United States Olympic Committee) requirement that a bid city obtains a state guarantee for cost overruns and liability from hosting the Olympics. With this requirement met, Los Angeles can compete directly against Chicago for the 2016 Summer Olympic Games U.S. bid.[/quote]
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