This bill amends the requirements for the use of owner's project managers (OPMs) in school building aid projects, raising the threshold for when an OPM is required from $1,000,000 to $1,250,000 for construction or renovation projects. It mandates that school districts or chartered public schools engaging in such projects must hire an OPM unless waived by the commissioner. The bill also stipulates that the OPM must have 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 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 financing agreements. It prohibits commercial litigation financiers from entering into agreements with foreign entities of concern and requires disclosure of such agreements in civil actions. The act aims to enhance consumer protections related to litigation funding by establishing clear definitions, disclosure requirements, and discovery rules for these agreements. The effective date for the OPM requirement is set for 60 days after passage, while the remainder of the act will take effect on January 1, 2026.

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