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 amends existing definitions related to risk management and establishes a framework for loss prevention review teams that will investigate serious incidents involving state agencies, including deaths or substantial injuries.

The loss prevention review teams will be appointed by the director of the risk management division and will consist of various experts, excluding those directly involved in the incidents being reviewed. These teams are tasked with evaluating the causes of incidents and recommending measures to prevent future occurrences. Reports generated by these teams will be submitted to the director and the relevant state agency heads after the resolution of any related claims. The bill also stipulates that the director must report annually to the legislature on the activities and effectiveness of these review teams, with the provisions of the act set to take effect on July 1, 2025.

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