HB2222 Summary

• Cities and towns must submit a settlement agreement report to the governor, senate president, house speaker, and attorney general at least 90 days before entering into any settlement agreement valued at $500,000 or more.

• Counties must follow the same 90-day reporting requirement for settlement agreements of $500,000 or more.

• Settlement agreements valued at $1,000,000 or more by cities, towns, or counties must be submitted to the joint legislative budget committee for review and potential recommendations before finalization; failure to submit makes the agreement not legally binding.

• The state attorney general must submit a settlement agreement report to the senate president and house speaker at least 30 days before entering into settlement agreements.

• Exemptions from reporting requirements include construction contract disputes, state land department disputes, construction claims by contractors, personal injury civil litigation, and workers' compensation agreements.