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Utah's public colleges and universities are prohibited under this bill from entering into, renewing, or significantly changing any agreement with a private capital firm — such as a private equity firm, hedge fund, or investment partnership — involving their intercollegiate athletics programs unless the full Legislature first approves the deal through a joint resolution. These restricted agreements specifically include arrangements that give a private firm an ownership stake, a share of athletics revenue, or decision-making control over how a program is run; standard sponsorships, advertising contracts, charitable gifts, and traditional debt financing are still allowed without legislative sign-off. Universities must also provide the state auditor with full financial records for their athletics programs upon request. This means schools like the University of Utah or Utah State University could not partner with outside investors seeking a financial stake in their athletic programs without the Legislature's explicit blessing.