Revises scope of duties and composition of Risk Management Committee in Department of Treasury; exempts Risk Management Committee from requirements of Open Public Meetings Act.

This bill (A5365) revises New Jersey's Risk Management Committee within the Department of Treasury. It changes the committee's chair to the State Treasurer (or designee) alone, removes requirements for the committee to develop risk management training programs or oversee department-level committees, and exempts the committee from the Open Public Meetings Act. The committee will now only provide advisory recommendations on worker safety and capital repair issues to the Risk Management Division. These changes directly affect the State Treasurer's office, the Risk Management Division, and the committee's operational structure.