Public Act No. 21-120 Summary

• Residential property owners with defective concrete foundations can request reassessment by providing a licensed engineer's evaluation, with assessment adjustments continuing until the next revaluation or foundation repair, replacing the previous five-year limit.

• Property owners must notify assessors within thirty days of concrete foundation repair or replacement, triggering reassessment within ninety days to reflect current value.

• Expands the captive insurance company board to include residential building owners affected by pyrrhotite deterioration and removes the June 30, 2022 termination date, allowing continuation until terminated by law.

• Establishes quarry reporting requirements for aggregate producers, including geological source reports by January 1, 2022, and annual sulfur content testing to detect pyrrhotite presence and determine aggregate suitability for concrete use.

• Creates the "Healthy Homes Fund" within the Department of Housing to support residential health and safety hazard reduction programs, including lead and radon remediation, with allocations up to $1 million for West River flood damage grants.