There is a special fund that pays out money when certain legal claims are made. The most that can be paid from this fund for one single event is two million dollars. That two-million-dollar limit goes up or down each year based on a government measure of how prices change over time. A state official figures out the new number each year and publishes it so people can look it up.
537.756. Maximum amount payable from — how calculated. — 1. The maximum amount which may be paid from the fund, as defined in section 537.700, for the payment and of arising out of any single , is two million dollars.
2. The on awards for provided for in this section shall be increased or decreased on an annual basis effective January first of each year in accordance with the as published by the of the United States of Commerce. The current value of the limitation shall be calculated by the , who shall furnish that value to the , who shall publish such value in the as soon after each January first as , but it shall otherwise be from the of section 536.021.
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Source & history notes
(L. 1989 H.B. 161 § 1, A.L. 1993 S.B. 88, A.L. 1999 S.B. 295 & 46) Liability of state and public entities, increases to be effective on certain causes of actions, when, 537.615
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Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.