Maddy summaryThis bill updates New Hampshire laws governing trusts to clarify how assets are managed and distributed, primarily affecting trustees, trust advisors, and the beneficiaries of these financial arrangements. It introduces a "unitrust" mechanism that allows trustees to distribute a fixed percentage of a trust's total value, ranging from 3% to 5%, rather than relying solely on investment income, which helps stabilize payouts when market values fluctuate. The legislation also establishes specific rules for calculating these distributions, such as using average asset values over multiple years and defining the order in which different types of earnings are used to fund payments. Additionally, the bill clarifies the responsibilities of trustees and other fiduciaries regarding the correction of past breaches of trust and removes the duty for certain advisors to monitor the actions of trustees. These changes aim to provide clearer guidance on managing trust assets while ensuring consistent and predictable distributions for beneficiaries.
Sponsored bills
Maddy summaryThis bill requires pharmacy benefit managers and health insurers in New Hampshire to report detailed information about pharmaceutical rebates they receive and how those funds are used. The legislation mandates that these entities submit annual reports breaking down the total value of rebates collected, the amounts distributed to insurers, and the specific reductions applied to patient costs such as deductibles and copayments. Additionally, insurers must provide actuarial certifications explaining how rebates are remitted to policyholders and detail the methods used to estimate rebate amounts for plan design purposes. These reporting requirements apply to private health plans but explicitly exclude Medicaid, the Ryan White HIV/AIDS Program, and self-funded plans like the state employee health benefit plan. The law takes effect on June 30, 2024, and repeals a previous provision that had sought to remove these rebate reporting rules.
Maddy summaryThis law authorizes the Department of Environmental Services to receive $6.5 million to improve regional drinking water infrastructure in southern New Hampshire. The funds will be used for Phase 2 of a project that increases water supply capacity by over two million gallons per day for towns affected by PFAS contamination and rising demand. Specific actions include designing necessary support projects, installing chemical treatment systems at water tanks in Derry and Salem, and raising the water level of Lake Massabesic. The money comes from general state funds and existing federal and trust funds, and the governor can access these resources starting July 1, 2024.
Maddy summaryThis bill requires employers in New Hampshire to display a poster informing employees about benefits and services available to veterans. The state labor commissioner will create and distribute this notice, which must be placed in a location accessible to all staff. The poster will list resources such as mental health support, education and training options, tax benefits, and contact information for the Department of Veterans Affairs. Employers must comply with this requirement starting 60 days after the law takes effect.
Maddy summaryThis bill extends the deadline for a special commission to investigate the environmental and health effects of perfluorinated chemicals in five towns to November 1, 2029. The commission, which studies pollution in the air, soil, and groundwater of Merrimack, Bedford, Londonderry, Hudson, and Litchfield, will now submit its final report and any legislative recommendations by that new date. Additionally, the bill delays the official end of the commission's work until November 1, 2029, allowing more time for analysis. These changes apply directly to the commission members and the officials who receive their reports.
Maddy summaryThis bill expands the responsibilities of the Interbranch Criminal and Juvenile Justice Council, a group that includes members from both the legislative and executive branches. The primary change involves adding new duties to the council's existing mandate, though the specific tasks are not detailed in the provided text. By reorganizing the bill's sections, the legislation formally updates the council's role to ensure it can better coordinate on criminal and juvenile justice issues. Once signed into law, the council will operate under these revised guidelines to fulfill its updated functions.
Maddy summaryThis bill creates a special committee to study emergency mental health services for people aged 21 and under in New Hampshire. The committee, made up of five state legislators, will review current laws, insurance coverage, and claims data to identify gaps in behavioral health care for youth. It will also gather expert testimony and assess whether insurance plans are following fairness rules regarding mental health coverage. By November 1, 2024, the group must submit a report with its findings and any suggested new laws to state leaders and the governor.
Maddy summaryThis bill, known as the lead poisoning prevention and treatment act of 2024, requires health insurance providers in the state to cover the costs of blood lead testing for residents. The law applies to both individual and group health insurance plans and mandates that these tests be covered without higher co-payments, deductibles, or coinsurance compared to other similar medical benefits. Additionally, the coverage includes any necessary follow-up testing required when initial results show elevated lead levels or are inconclusive. The legislation takes effect on September 1, 2024.
Maddy summaryThis bill prohibits healthcare providers from charging patients more than their insurance plan requires for emergency services and certain non-emergency care received at participating facilities. It specifically bans balance billing when a patient receives emergency treatment at an out-of-network hospital or sees an out-of-network doctor, ensuring patients only pay their standard copay or deductible. For non-emergency services at in-network hospitals, the ban applies unless the provider follows specific notice and consent rules to inform the patient about costs beforehand. The legislation also establishes a dispute resolution process to determine fair payment amounts when providers and insurers disagree on costs and adds balance billing violations to the list of unlawful acts under state consumer protection laws.
Maddy summarySB 498 expands the types of care settings available for minors involved in the juvenile justice system or those in need of services within New Hampshire. The bill allows courts to place these children with fictive kin - individuals who are not biological relatives but have a close bond - as well as in various certified facilities like group homes and psychiatric treatment programs. Additionally, the legislation updates the schedule for when law enforcement facilities must share confidential detention logs with the Department of Health and Human Services, changing the reporting dates to October 1 and April 1 starting in 2024. These changes apply to both delinquent children and children in need of services, aiming to broaden placement options and improve oversight of juvenile detention records.