Bill > A1826

Introduced Session

This bill revises the composition, scope of duties, and public notice requirements of the Risk Management Committee (committee) in the Department of the Treasury. The committee was created to monitor the State's risk management program as developed and coordinated by the Division of Risk Management in the Department of the Treasury. Under current law, the committee is comprised of the commissioner of each principal department in State Government, or the commissioner's designee, and is co-chaired by State Treasurer and the Commissioner of Banking and Insurance. The committee's mandated duties are to: (1) review the accident frequency reports prepared by the division; (2) review policy issues related to worker safety and capital repair issues and their relationship to workers' compensation claims; (3) develop a program and schedule for risk management training of appropriate managers within the principal departments; and (4) oversee the establishment and operation of the risk management committees of each of the principal departments. Each commissioner is mandated to direct the appropriate personnel to administer and enforce any programs or protocols developed by the committee. Specifically, the bill provides that the State Treasurer, or the Treasurer's designee, would serve as the sole chairperson of the committee. The bill also mandates the Division of Risk Management in the Department of the Treasury to provide resources as necessary to operate the committee. Additionally, the bill revises the committee's scope of duties by authorizing the committee to provide advisory recommendations to the director related to worker safety and capital repair issues. The bill also provides that the committee would no longer be mandated to: (1) develop a program and schedule for risk management training of appropriate managers within the principal departments; (2) oversee the establishment and operation of the risk management committees of each of the principal departments; or (3) have the commissioner of each executive department direct the appropriate personnel to administer and enforce any programs or protocols developed by the committee. Lastly, the bill exempts the Risk Management Committee from the definition of a "public body" under the "Senator Byron M. Baer Open Public Meetings Act," which requires public bodies to provide adequate notice to the public regarding their upcoming meetings.

AI Summary

Committee Categories

Anthony Verrelli (D)*, 

Introduced, Referred to Assembly State and Local Government Committee (on 01/13/2026)

Official Document