(a) The director of the fiscal review committee shall review all reports submitted to it by the attorney general and reporter pursuant to § 8-6-109(b)(11), and shall notify the speaker of each house of the general assembly and the attorney general and reporter of any pending lawsuit in which the director concludes there is a substantial likelihood that adjudication will result in a significant increase in state expenditures.
(b) The fiscal review committee shall at least biennially establish the monetary minimum amounts that shall be the significant increase in state expenditures which are used for the purposes of §§ 8-6-109(d) and 20-13-103. From April 8, 1986, and until such monetary minimum amount or amounts are established by the fiscal review committee, the monetary minimum amount for the purposes of §§ 8-6-109(d) and 20-13-103 shall be two million dollars ($2,000,000). The comptroller of the treasury shall determine the lawsuits to which the state is a party and in which a decision may affect the bond rating of the state for the purposes of §§ 8-6-109(d) and 20-13-103. The director of the fiscal review committee shall review all reports submitted by the attorney general and reporter pursuant to § 8-6-109(d), and advise the speaker of the senate, the speaker of the house of representatives, or the director of the office of legal services or the director's designee on such reports when requested.
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