This bill introduces new requirements for state agencies and public schools in New Mexico regarding the publication of legal settlement agreements and the establishment of loss prevention review teams. Specifically, it mandates that any settlement agreement entered into by these entities must be published on the Sunshine Portal within thirty days, ensuring transparency and public access to the terms of such agreements. Additionally, the bill establishes a framework for loss prevention review teams that will be appointed by the director of the risk management division when a serious injury or substantial loss is alleged to be caused by a state agency's actions. These teams will evaluate incidents, recommend risk mitigation strategies, and report their findings to the relevant state agency and the director.

Furthermore, the bill outlines the responsibilities of the loss prevention review teams, including the need for confidentiality of documents until the final disposition of related claims. It also requires the director to submit an annual report to the legislature detailing the reviews conducted, metrics on their effectiveness, and any trends in incidents. The definitions of "serious injury" and "substantial loss" are also clarified within the bill. The provisions of this act are set to take effect on July 1, 2025.

Statutes affected:
introduced version: 15-7-1
Final Version: 15-7-1