relative to owner's project managers for projects funded by school building aid and relative to reporting requirements for persons or entities financing lawsuits.

SB 209 requires school districts or charter public schools receiving state school building aid for construction projects costing $1.25 million or more to hire an owner's project manager. This manager must carry specific insurance (liability, auto, workers' comp, professional) and the state board of education must establish rules for their qualifications and duties. The law applies directly to school districts and charter schools managing large construction projects funded by state aid. It aims to ensure project managers act in the best interests of school owners during construction or renovation.