This bill amends the structure and responsibilities of the Risk Management Committee within the Department of Treasury. 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, it revises the committee's duties, allowing it to provide 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 aims to streamline the committee's operations and enhance its ability to manage risk effectively without the constraints of public meeting regulations. Overall, the bill seeks to improve the efficiency and focus of the Risk Management Committee in overseeing the state's risk management program.

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