CHAPTER 8
HB 284-FN – FINAL VERSION
2009 SESSION
06/09
HOUSE BILL 284-FN
AN ACT increasing the contract amount that triggers the bond requirement on public projects.
SPONSORS: Rep. Lerandeau, Ches 6; Rep. Campbell, Hills 24; Rep. Cloutier, Sull 4; Rep. Chandler, Carr 1; Rep. Graham, Hills 18
COMMITTEE: Public Works and Highways
This bill increases the contract amount that triggers the bond requirement on public projects.
This bill is a request of the department of transportation.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
09-0658
06/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nine
AN ACT increasing the contract amount that triggers the bond requirement on public projects.
Be it Enacted by the Senate and House of Representatives in General Court convened:
8:1 Liens for Labor and Materials; Bond Required. Amend RSA 447:16 to read as follows:
447:16 Bond Required. Officers, public boards, agents or other persons who contract in behalf of the state or any political subdivision thereof for the construction, repair or rebuilding of public buildings, public highways, bridges or other public works shall if said contract involves an expenditure of [$25,000] $35,000, and may if it involves an expenditure of less amount, obtain as a condition precedent to the execution of the contract, sufficient security, by bond or otherwise, in an amount equal to at least 100 percent of the contract price, or of the estimated cost of the work if no aggregate price is agreed upon, conditioned upon the payment by the contractors and subcontractors for all labor performed or furnished, for all equipment hired, including trucks, for all material used and for fuels, lubricants, power, tools, hardware and supplies purchased by said principal and used in carrying out said contract, and for labor and parts furnished upon the order of said contractor for the repair of equipment used in carrying out said contract.
8:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: April 17, 2009
Effective Date: June 16, 2009