The proposed bill amends Title 62 of the Pennsylvania Consolidated Statutes by adding a new chapter, CHAPTER 34, which focuses on concrete innovation and establishes a Performance Incentive Program. This program aims to promote the use of low-embodied carbon concrete by providing financial incentives to qualified vendors who supply concrete that meets specific environmental standards. The bill outlines the definitions of key terms, such as "low-embodied carbon concrete," "performance incentive," and "qualified vendor," and details the application process for vendors seeking these incentives. It also specifies the criteria for eligibility, including the requirement for concrete to have a verified global warming potential at least 20% lower than the applicable baseline.

Additionally, the bill mandates the Department of General Services to calculate performance incentives based on the cost of delivery of the concrete and to make at least $5,000,000 available annually for this purpose. The department is tasked with developing guidelines and regulations to implement the program effectively, including determining global warming potential baselines and establishing payment formulas. An annual report is required to be submitted to the General Assembly, detailing the program's effectiveness, vendor participation, and recommendations for improvements or funding increases. The act is set to take effect 60 days after its passage.