New Jersey S2111 requires legislative approval for settlements of $10 million or more for claims against the state.

New Jersey S2111 mandates that the state legislature must approve by concurrent resolution any settlement of $10 million or more for claims against the state. The proposed settlement must be submitted to the legislature in writing at least 30 days before the proposed execution or judicial approval date. This requirement applies to settlements filed under the New Jersey Tort Claims Act, whether involving one or multiple claimants. The bill takes effect on the first day of the third month following its enactment and applies to settlements not yet executed or approved by a judge.

New Jersey S2111 requires legislative approval for settlements of $10 million or more for claims against the state.

New Jersey S2111 mandates that the state legislature must approve by concurrent resolution any settlement of $10 million or more for claims against the state. The proposed settlement must be submitted to the legislature in writing at least 30 days before the proposed execution or judicial approval date. This requirement applies to settlements filed under the New Jersey Tort Claims Act, whether involving one or multiple claimants. The bill takes effect on the first day of the third month following its enactment and applies to settlements not yet executed or approved by a judge.