Municipal joint borrowing to pay for cost of project to abate deleterious condition re certain concrete foundations. Municipal agreement with captive insurance company to provide financial assistance to owners of certain residential buildings with concrete foundations.

(b) In addition to the powers enumerated in section 7-148 , any two or more municipalities who jointly borrow pursuant to subsection (a) of this section may enter into an agreement with the captive insurance company established pursuant to section 38a-91vv , or any participating lender, as defined in section 8-442 , to jointly or otherwise provide financial assistance to owners of residential buildings with concrete foundations that have deteriorated due to the presence of pyrrhotite.