As used in this part:
(1) "Executive director" means the individual appointed under Section 63A-1-105 as the executive director of the Department of Government Operations, created in Section 63A-1-104.
(2) "Risk management fund" means the fund created in Section 63A-4-201.
(3) "Risk manager" means the state risk manager appointed under Section 63A-4-101.5.
(4) "Settlement amount" means the total cost to implement:
(a) an action settlement as defined in Section 63G-10-102, including the cost of the required action and any required monetary payment; or
(b) a financial settlement as defined in Section 63G-10-102.