Bill

Bill > S3015


MA S3015

MA S3015
Relative to crumbling concrete foundations


summary

Introduced
12/30/2024
In Committee
12/30/2024
Crossed Over
12/30/2024
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

Relative to crumbling concrete foundations (Senate, No. 2559),- reports, recommending that the same ought to pass with an amendment substituting a new draft with the same title (Senate, No. 3015).

AI Summary

This bill establishes the Crumbling Concrete Assistance Fund, which will be administered by the Secretary of Housing and Livable Communities. The fund will provide financial assistance to owners of residential properties with concrete foundations that have deteriorated due to the presence of pyrite or pyrrhotite. It will also minimize negative fiscal impacts on municipalities and reimburse homeowners who have already paid for foundation replacement. The Secretary can apply for and receive federal funds, such as from the HUD Section 108 Loan Guarantee program, to be deposited into the fund. Additionally, the bill requires the Secretary to convene a stakeholder working group to make recommendations for regulatory and legislative changes to comprehensively address the remediation of residential property foundations affected by pyrite or pyrrhotite.

Committee Categories

Budget and Finance

Sponsors (36)

Other Sponsors (1)

Senate Committee on Ways and Means (Senate)

Last Action

No further action taken (on 12/31/2024)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Document Type Source Location
State Bill Page https://malegislature.gov/Bills/193/S3015
BillText https://malegislature.gov/Bills/193/S3015.pdf
Loading...