662-11  Compromise.  (a)  The attorney general may arbitrate, compromise, or settle any claim cognizable under this chapter.

     (b)  Claims arbitrated, compromised, or settled by the attorney general for $10,000 or less shall be paid from the state risk management revolving fund.  Claims arbitrated, compromised, or settled by the attorney general for more than $10,000 shall be paid only after funds are appropriated by the legislature for the payment of those claims.