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Utah's public colleges and universities would be required to conduct a formal security risk assessment before approving any public event featuring an outside speaker, rating each event on a five-level threat scale based on factors such as documented threats, expected attendance, history of disruptions, and law enforcement intelligence, but explicitly not based on the speaker's viewpoint or political beliefs. Each threat level triggers specific security requirements, ranging from basic campus police notification at level one up to multi-agency law enforcement coordination and counter-surveillance at level five, and the student organization or department sponsoring the event would be responsible for paying security fees ranging from nothing at level one up to $50,000 at level five, along with liability insurance of up to $5 million depending on the assigned threat level. Sponsoring groups could appeal their threat level assessment to the university president and then to the Board of Higher Education if they believe the process was biased, based on inaccurate information, or produced unreasonably high costs, and institutions could adjust security, postpone, or cancel events if new threats emerge before the event takes place. The bill also would classify sensitive details of these risk assessments, such as security plans and specific threat intelligence, as protected records not subject to public records requests, while still requiring institutions to disclose an event's assigned threat level, general security requirements, and cost information, and to file annual reports on how the process is being used.