An Act relative to crumbling concrete prevention and protection

This bill creates a program to address crumbling concrete foundations caused by minerals like pyrrhotite or framboidal pyrite, which can lead to structural damage. It requires home inspectors to inform potential buyers about the risk of these minerals in foundations and mandates concrete manufacturers to test and report on their materials. A Crumbling Concrete Assistance Fund, financed by penalties from insurance companies that denied foundation repair claims (2000-2025) and a 3% annual tax on insurance profits, will provide tax-exempt financial assistance for repairs. Homeowners with affected foundations can apply for help through a new relief agency, which will also provide public information and manage fund eligibility.