This bill amends the requirements for the use of owner's project managers (OPMs) in school construction projects funded by school building aid. Specifically, it raises the threshold for when a school district or chartered public school must engage an OPM from $1,000,000 to $1,250,000 for construction or renovation projects, unless waived by the commissioner. Additionally, the bill mandates that the OPM must have comprehensive liability and auto insurance, worker's compensation coverage, and professional liability coverage. The state board of education is tasked with adopting rules to ensure that the OPM's services align with the project owner's best interests.
Furthermore, the bill introduces the New Hampshire Third-Party Litigation Funding Transparency Act, which regulates commercial litigation finance agreements. It establishes disclosure requirements for such agreements, prohibits commercial litigation financiers from entering into agreements with foreign entities of concern, and outlines the responsibilities of funding companies and attorneys. Violations of this chapter are classified as violations of the New Hampshire consumer protection act. The act will take effect in stages, with the OPM requirements becoming effective 60 days after passage and the remainder of the act taking effect on January 1, 2026.
Statutes affected: Introduced: 198:15-c
As Amended by the House: 198:15-c