This bill amends the structure and responsibilities of the Risk Management Committee within the Department of Treasury in New Jersey. It designates the State Treasurer, or their designee, as the sole chairperson of the committee, which was previously co-chaired by the State Treasurer and the Commissioner of Banking and Insurance. The bill also mandates that the Division of Risk Management provide necessary resources for the committee's operations. Additionally, the committee's duties are revised to include providing advisory recommendations related to worker safety and capital repair issues, while removing the requirements to develop risk management training programs and oversee the risk management committees of each principal department.

Furthermore, the bill exempts the Risk Management Committee from being classified as a public body under the Open Public Meetings Act, which means it will not be subject to the same public notice requirements as other governmental bodies. This change allows the committee to operate with greater confidentiality and flexibility in its meetings and decision-making processes. Overall, the bill aims to streamline the committee's functions and enhance its effectiveness in managing the state's risk management program.

Statutes affected:
Introduced: 10:4-8, 52:18A-222