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What's New: Government Affairs

New Hampshire Bond Threshold Bill Amended to Lower Proposed Increase

Friday, February 17, 2017  
New Hampshire Bond Threshold Bill Amended to Lower Proposed Increase 

As originally introduced, New Hampshire HB 371 would have increased the state bond threshold from $35,000 to $150,000. Following a committee hearing on the bill, with materials from SFAA, AIA state counsel has addressed the misconceptions about how much the bonds cost and whether the contractor or the public contracting entity pays the cost that some small contractors had raised. The bill has been amended so that the bond threshold is increased from $35,000 to $75,000 instead of $150,000. The bill also was amended to allow political subdivisions to opt-out of the bonding requirements. SFAA is reviewing the Little Miller Acts to assess this provision and will continue to work with AIA to address the bill.

Members should visit Government Relations / General Info (Members) for more information.



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