2-9-220. Loss mitigation program -- purpose.
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2-9-220 . Loss mitigation program -- purpose.
(1)There is a loss mitigation program administered by the department of administration.
(2)Funds for the program must be used by the department solely for the purpose of mitigating losses generated through claims against the state related to property, automobiles, aviation, and general liability.
(3)An agency seeking funds from the loss mitigation program shall present to the department a written request that:
(a)identifies the risk of loss and potential costs associated with the risk of loss;
(b)identifies matching funds from the agency to address or reduce the risk of loss; and
(c)provides a detailed explanation of how the funds will be spent to mitigate the risk of loss.
(4)Prior to distributing funds for an agency seeking funds from the loss mitigation program, the department of administration shall review the information provided by the agency and confirm the existence of a significant risk of loss to be mitigated with the requested funds.
(5)A distribution over $30,000 for each written request, not including matching funds available to the agency, from the loss mitigation program to a single agency is subject to approval by the office of budget and program planning.