( CNN ) -- Two Minnesota state lawmakers said Friday that they have reached a deal to compensate victims of the Interstate 35 bridge collapse that killed 13 people in Minneapolis last year . Thirteen people were killed and dozens were injured in last year 's collapse in Minneapolis , Minnesota . State Sen. Ron Latz and state Rep. Ryan Winkler told CNN Radio that the deal totals $ 38 million and will be presented to the Legislature for approval . Latz said the deal would expedite compensation to victims who chose to take their portion of the settlement and waive their right to sue the state . The plan addresses a key sticking point in negotiations : preserving a state liability cap on awards to individual victims , Latz said . Winkler said victims will be able to collect up to $ 400,000 and people whose damages exceed $ 400,000 will be able to pull from a supplemental pool of more than $ 12 million . `` There are a 182 potential claimants out there , '' Winkler said . `` There were 13 dead , and there were 12 catastrophic injury cases . '' Gov . Tim Pawlenty said he would welcome the deal for survivors and relatives if the Legislature approves it . `` I look forward to signing this legislation into law , '' Pawlenty said in a statement . `` It provides needed relief and support for victims and family members directly impacted by the I-35W bridge tragedy . I 'm pleased that Senator Latz , Representative Winkler , my office and others were able to work together to craft this legislation . '' The bridge collapsed during afternoon rush hour August 1 , sending dozens of cars tumbling into the Mississippi River . Photos of the scene showed cars , trucks and a school bus lingering on the bridge 's uneven remnants . The National Transportation Safety Board is investigating why the bridge collapsed . In January , NTSB Chairman Mark Rosenker said investigators studying the bridge found that 16 gusset plates , which strengthen the junctions of steel beams , were fractured . The bad gussets were found at eight joints in the main center span . `` When one element began to fail , it 's like dominoes falling down , '' Rosenker said . But he emphasized , `` We have not yet determined the probable cause of this accident . '' The final report should be ready by the end of the year , he said . E-mail to a friend .
Deal would expedite compensation for victims who waive right to sue the state . The deal , which totals $ 38 million , is on its way to Legislature for approval . Score: 6 Those with damages more than $ 400,000 can pull from supplemental pool .