Connecticut House Bill HB05341

Connecticut 2021 Regular Session

• Introduced: 1/22/21
• Refer: 1/22/21

Caption

An Act Concerning Crumbling Concrete Foundations And Bonding.

Impact

By amending the general statutes to extend the availability of bonding dollars, HB 5341 is poised to provide necessary financial support for homeowners facing remediation costs. The bond funds aim to facilitate testing and repairs, allowing affected residents to mitigate risks associated with crumbling concrete. This bill not only seeks to protect property values but also aims to enhance public safety by ensuring that structural integrity issues are addressed effectively.

Summary

House Bill 5341 aims to address issues related to crumbling concrete foundations within Connecticut. The bill proposes extending the sunset date for the Connecticut Foundation Solutions Indemnity Company, ensuring that funding and resources are available for the testing and remediation of affected concrete foundations. This move is crucial as many homeowners have faced significant challenges due to deteriorating foundations, impacting property values and safety.

Contention

While the bill has garnered support from various stakeholders concerned about the concrete foundation issues, some may argue about the sustainability of funding and resource allocation. Ensuring that the Connecticut Foundation Solutions Indemnity Company has the capacity to manage extensive claims and remediation projects could be a point of debate. Furthermore, discussions on whether the extended bond amounts are sufficient to cover potential losses and the remediation scale will likely arise as the bill progresses.