This bill amends the requirements for the use of owner's project managers (OPMs) in school building aid projects, increasing the threshold for mandatory OPM engagement from $1,000,000 to $1,250,000 for construction, reconstruction, or renovation projects. It also stipulates that the OPM must possess comprehensive liability, auto insurance, worker's compensation, and professional liability coverage. Additionally, the state board of education is tasked with adopting rules to ensure that the project owner's best interests are upheld.

Furthermore, the bill introduces the New Hampshire Third-Party Litigation Funding Transparency Act, which regulates commercial litigation financing agreements. It prohibits commercial litigation financiers from entering into agreements with foreign entities of concern and mandates that claimants disclose any financing agreements to all parties involved in a civil action. The act aims to enhance consumer protections in litigation funding by establishing clear definitions, disclosure requirements, and prohibitions related to commercial litigation financing. The effective date for the OPM provisions is set for 60 days post-passage, while the remaining provisions will take effect on January 1, 2026.

Statutes affected:
Introduced: 198:15-c
As Amended by the House: 198:15-c