summary
Introduced
01/31/2025
01/31/2025
In Committee
03/21/2025
03/21/2025
Crossed Over
02/25/2025
02/25/2025
Passed
03/21/2025
03/21/2025
Dead
Vetoed
03/21/2025
03/21/2025
Introduced Session
2025 Regular Session
Bill Summary
AN ACT RELATING TO RISK MANAGEMENT; REQUIRING THE PUBLICATION OF TERMS OF LEGAL SETTLEMENT AGREEMENTS; PROVIDING FOR LOSS PREVENTION REVIEW TEAMS; REQUIRING REPORTS.
AI Summary
This bill introduces new transparency and risk management requirements for state agencies and public schools in New Mexico. First, it mandates that any legal settlement agreements must be published on the state's Sunshine Portal within 30 days of being finalized, ensuring free and downloadable public access. Second, the bill establishes a Loss Prevention Review Team process where state agencies must immediately notify the risk management division about any death, serious injury, or substantial financial loss potentially caused by agency actions. These review teams, led by an appointed attorney and composed of independent experts, will investigate such incidents, analyze their causes, and recommend future risk mitigation strategies. The teams will produce comprehensive reports detailing their findings, including potential policy changes and legislative recommendations. Additionally, the bill requires the director of the risk management division to submit an annual report to the legislature summarizing these loss prevention reviews, providing metrics on their effectiveness, and identifying trends in incidents. The new provisions will take effect on July 1, 2025, giving agencies time to prepare for the new reporting and transparency requirements. The bill aims to increase governmental accountability, promote public understanding of legal settlements, and develop proactive strategies to prevent future incidents and losses.
Committee Categories
Justice
Sponsors (3)
Last Action
Vetoed by Governor (on 03/21/2025)
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