,,ii #aaf? ,,congress #a/ ,session ,s4 #cef ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,febru>y #f1 #bjai,mr4 ,murphy 7= himself1 ,mr4 ,blum5?al1 ,ms4 ,w>r51 & ,mr4 ,m>key7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to e/abli% a grant program to provide assi/ance to ,/ates to prev5t & repair damage to /ructures due to pyrrhotite4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,aid to ,home[n]s ) ,crumbl+ ,f\ndations ,act ( #bjai4 #b4 ,grant program 7a7 ,def9itions ,9 ?is section-- 7#a7 ! t]m cov]$ ,/ate means a ,/ate t adm9i/]s a crumbl+ f\ndations assi/ance fund2 7#b7 ! t]m crumbl+ f\ndations assi/ance fund means a fund e/abli%$ by a ,/ate ! purpose ( :i* is to receive public or private contributions to provide f9ancial assi/ance to own]s ( resid5tial build+s 9 ! ,/ate to repair or replace ! concrete f\ndations ( ^? resid5tial build+s t h det]iorat$ due to ! pres5ce ( pyrrhotite2 7#c7 ! t]m resid5tial build+ means any family dwell+1 includ+ any build+1 condom9ium unit1 or dwell+ 9 a plann$ unit developm5t2 & 7#d7 ! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7b7 ,au?orization ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all e/abli% & implem5t a program to make grants to cov]$ ,/ates to assi/ own]s ( resid5tial build+s ) concrete f\ndations t h det]iorat$ due to ! pres5ce ( pyrrhotite4 7c7 ,application ,a cov]$ ,/ate desir+ a grant "u ?is section %all submit an application to ! ,secret>y at su* "t1 9 su* mann]1 & accompani$ by su* in=mation z ! ,secret>y may require4 7d7 ,deposit ( funds ,a cov]$ ,/ate receiv+ a grant "u ?is section %all deposit any grant am\nts into ! crumbl+ f\ndations assi/ance fund ( ! ,/ate = ! purpose ( c>ry+ out ! activities describ$ 9 subsection 7e74 7e7 ,use ( funds ,a cov]$ ,/ate receiv+ a grant "u ?is section %all-- 7#a7 develop a s+le1 unifi$ application = own]s ( resid5tial build+s to apply = all f9ancial assi/ance f ! crumbl+ f\ndations assi/ance fund ( ! cov]$ ,/ate2 7#b7 provide f9ancial assi/ance to approv$ own]s ( resid5tial build+s = ! repair or replacem5t ( concrete f\ndations t h det]iorat$ due to ! pres5ce ( pyrrhotite1 includ+ f9ancial reimbursem5t to own]s :o h _h su* repair or replacem5t p]=m$ be=e ! date ( enactm5t ( ?is ,act2 7#c7 assi/ approv$ own]s ( resid5tial build+s to obta9 additional f9anc+ necess>y to fully fund ! repair or replacem5t ( concrete f\ndations t h det]iorat$ due to ! pres5ce ( pyrrhotite2 7#d7 approve contractors or o!r v5dors = eligibility to p]=m f\ndation repairs or replacem5ts on behalf ( approv$ own]s2 7#e7 ensure t ! f9ancial assi/ance is us$ solely = co/s ( repair+ & replac+ concrete f\ndations t h det]iorat$ due to ! pres5ce ( pyrrhotite2 & 7#f7 require ! disclosure ( ! am\nt ( all f9ancial comp5sation receiv$ by an own] ( ! resid5tial build+1 if any1 aris+ out ( a claim = cov]age "u ! prop]ty cov]age provisions ( ! home[n]s policy = f\ndation det]ioration due to ! pres5ce ( pyrrhotite & ensure t ! am\nt is consid]$ :5 det]m9+ ! am\nt ( f9ancial assi/ance (f]$ to ! own]4 7f7 ,grant am\nt & duration 7#a7 ,am\nt ,ea* grant aw>d$ to a cov]$ ,/ate "u ?is section 9 a fiscal ye> %all be 9 an am\nt ( n m ?an #bj1jjj1jjj4 7#b7 ,duration ,a grant aw>d$ "u ?is section %all be = a p]iod ( #e ye>s4 7g7 ,annual report ,! ,secret>y %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives an annual report on ! grant program e/abli%$ "u ?is section1 includ+ a summ>y ( ! use ( funds by cov]$ ,/ates receiv+ a grant "u ?is section4 7h7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to c>ry out ?is section #bj1jjj1jjj = ea* ( fiscal ye>s #bjbj ?r\gh #bjbd4