Relating to grants for qualified mechanical insulation expenditures

This bill relates to grants for qualified mechanical insulation expenditures. Contingent on a specific appropriation for this purpose, the bill requires the economic development authority (authority) to establish and administer a mechanical insulation energy savings program for the purpose of providing grants to applicants for qualified mechanical insulation expenditures. Under the bill, the authority shall establish an audit process for an applicant to request a qualified audit, and if the request is approved, the applicant shall receive a qualified audit at no cost. After an applicant’s qualified audit is completed, the authority shall award a grant to the applicant in an amount equal to, and for the purpose of paying, the entire cost of the applicant’s qualified mechanical insulation expenditures. “Applicant”, “mechanical insulation”, “qualified audit”, “qualified contractor”, and “qualified mechanical insulation expenditures” are defined in the bill. The authority shall adopt rules to administer the bill.