(1) The board shall have the following powers and duties: (a) To oversee the management of the risk management fund created in section 24-30-1510;(b) To compromise or settle claims on behalf of the state in the amounts authorized in section 24-30-1515(2)(a)(V) and pursuant to the procedures set forth in section 24-30-1515;(c) To adopt rules to govern its own organization and proceedings;(d) To determine whether to recommend to the general assembly that the general assembly, by bill, authorize all or any portion of an additional payment to a claimant in accordance with the provisions of section 24-10-114(5)(b).L. 85, 1st Ex. Sess.: Entire part added, p. 6, § 1, effective September 27. L. 92: (1)(b) amended, p. 1083, § 2, effective July 1. L. 2012: (1)(d) added, (HB 12-1361), ch. 242, p. 1146, § 4, effective June 4.
Colorado Legal Code