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| SPONSOR: | Bratton | DATE TYPED: | 02/26/01 | HB | 501 | ||
| SHORT TITLE: | Claims Against Public Liability Fund | SB | |||||
| ANALYST: | Carrillo | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY01 | FY02 | FY01 | FY02 | ||
| NFI | |||||
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
General Services Department
SUMMARY
Synopsis of Bill
House Bill 501 proposes to amend Section 41-4-23 NMSA 1978 by raising the settlement amount that can be made before first being approved by the Risk Management Division director of the General Services Department. The current limit is $5,000, and the bill proposes to increase the amount to $25,000.
Significant Issues
GSD staff notes the amendment would reduce the amount of time required by upper management on routine matters. It would allow quicker processing of work and allow the RMD director to focus on more difficult and critical issues. The proposed change is patterned after the practice used in the Workers' Compensation settlement process.
RELATIONSHIP
HB501 is related to SB289, Insurance for State Construction Projects.
WJC/njw