2016 Utah Code
Title 63G - General Government
Chapter 10 - State Settlement Agreements Act
Part 5 - Risk Management Fund Settlement Agreements
Section 503 - Risk manager's authority to settle a claim -- Additional approvals required.

Effective 5/12/2015
63G-10-503. Risk manager's authority to settle a claim -- Additional approvals required.
The risk manager may compromise and settle any claim against the state for which the risk management fund may be liable:

• (1) on the risk manager's own authority, if the settlement amount is $50,000 or less;

• (2) upon the approval of the attorney general, or the attorney general's representative, and the executive director, if the settlement amount is more than $50,000 but not more than $200,000;

• (3) upon the governor's approval, if the settlement amount is more than $200,000 but not more than $500,000;

• (4) upon the Legislative Management Committee's approval, if the settlement amount is more than $500,000 but not more than $1,000,000; and

• (5) upon the Legislature's approval, if the settlement amount is more than $1,000,000.

Enacted by Chapter 355, 2015 General Session