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

S 2111 requires New Jersey's Legislature to approve any settlement of $10 million or more for claims against the state. It affects state agencies and claimants who file under the Tort Claims Act, applying to both individual claims and aggregate claims from the same event. The bill mandates that the proposed settlement amount must be submitted to the Legislature in writing at least 30 days before finalizing the agreement, with approval needing a majority vote in both legislative chambers. This change applies to all settlements not yet finalized as of the law's effective date.