Requires Legislature to approve by concurrent resolution settlements of over $10 million or more of claims for damages against the State.

This bill requires the New Jersey Legislature to approve in writing any settlement of $10 million or more for claims against the State. It applies to settlements after claimants file under the Tort Claims Act, whether for one claimant or multiple related claims arising from the same event. The State must submit the proposed settlement amount to lawmakers at least 30 days before finalizing it, and both legislative chambers must vote to approve it by majority. This process ensures legislative oversight for large settlements before they are finalized. The bill does not change existing claim procedures but adds a legislative approval step for significant financial commitments.