This bill introduces new requirements for state agencies in New Mexico regarding the publication of legal settlement agreements and the establishment of loss prevention review teams. Specifically, it mandates that state agencies that settle claims without the risk management division's assistance must publish the terms of these agreements on the Sunshine Portal within thirty days. Additionally, the bill amends existing definitions related to risk management, clarifying the roles of the risk management division and its advisory board, and introduces new definitions for "local public body," "public employee," and "state agency."

Furthermore, the bill establishes protocols for loss prevention review teams, which will be appointed by the director of the risk management division when a serious incident involving a state agency occurs. These teams are tasked with investigating the circumstances surrounding such incidents, evaluating their causes, and recommending measures to prevent future occurrences. The director is also required to submit an annual report to the legislature detailing the reviews conducted, metrics on their effectiveness, and any trends in incidents. The provisions of this act are set to take effect on July 1, 2025.

Statutes affected:
introduced version: 15-7-1