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 in capital projects funded by the Commonwealth. The bill outlines the definitions of key terms, such as "low-embodied carbon concrete," "qualified vendor," and "performance incentive," and sets forth the criteria for vendors to apply for performance incentives based on the carbon emissions of the concrete they supply. The incentives are calculated as a percentage of the cost of delivery for verified low-embodied carbon concrete and are capped at 8% if both low-embodied carbon and carbon capture technologies are utilized.

Additionally, the bill mandates the Department of General Services to develop guidelines and regulations for the program within one year of its enactment, including establishing baselines for global warming potential and payment formulas. An annual report is also required to assess the program's effectiveness, detailing vendor participation and recommendations for improvements. The bill ensures that at least $5 million in performance incentives will be available each year, distributed on a first-come, first-served basis, to encourage the adoption of environmentally friendly concrete technologies in state-funded projects.