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Section 503 - Risk manager's authority to settle a claim -- Additional approvals required.

UT Code § 63G-10-503 (2019) (N/A)
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(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.

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