(a) The commissioner of law is authorized to adjust, settle or compromise any action, causes of action, accounts, debts, claims, demands, disputes and matters in favor of or against the urban county government or in which the urban county government is concerned as debtor or creditor, now existing or which may hereafter arise and not involving or requiring payment to exceed one thousand dollars ($1,000.00). Such a settlement may be made without first obtaining authorization and approval from the council, but no settlement shall provide for the doing of any other act except payment of a sum not in excess of one thousand dollars ($1,000.00).
(b) Nothing in this section shall be construed as waiving the urban county government's defense of governmental or statutory immunity.
(c) No such settlement shall be made or be valid unless funds have been appropriated and are available for such an expenditure.
(d) In all cases where the claim of the urban county government against other parties is compromised by virtue of this section, a release signed by the commissioner of law shall be binding on the part of the urban county government for the purposes specified therein.
(e) Notice of the settlements authorized and approved by the commissioner of law shall be furnished to the council administrator in the office of the urban county council.
(Ord. No. 285-79, § 1, 11-29-79; Ord. No. 169-88, § 1, 7-14-88)