AN ACT INCREASING FUNDING FOR THE CONNECTICUT FOUNDATION SOLUTIONS INDEMNITY COMPANY, INC.

SB 547 increases funding for Connecticut homeowners with crumbling concrete foundations by authorizing an additional $100 million in state bonds for the Crumbling Foundations Assistance Fund. This fund directly supports the Connecticut Foundation Solutions Indemnity Company, Inc., which provides financial assistance to affected homeowners. The bill amends existing law to raise the bond limit for this specific fund, expanding its capacity to help residents repair foundation issues. The change is a concrete policy adjustment to address infrastructure problems in residential properties.