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 "qualifying project," and sets forth the criteria for vendors to apply for performance incentives. These incentives are calculated based on the cost of delivery of the concrete and the reduction in global warming potential compared to conventional concrete.

Additionally, the bill mandates the Department of General Services to develop guidelines and regulations for the program within one year of its enactment. It specifies that at least $5,000,000 in performance incentives will be available annually, distributed on a first-come, first-served basis. The Department is also required to submit an annual report to the General Assembly detailing the program's effectiveness, including vendor payments and recommendations for improvements. The act is set to take effect 60 days after its passage.