Establishes a grant program for mechanical insulation expenditures for eligible entities.

The bill creates a mechanical insulation energy savings program to provide grants for qualified mechanical insulation expenditures. Eligible applicants include school districts, public hospitals, public housing buildings, and political subdivisions with buildings of at least twenty thousand square feet. The economic development authority will administer the program, establish an audit process, and award grants contingent on a specific appropriation. Qualified mechanical insulation expenditures include insulation materials, facings, accessory products, and associated labor costs.

Establishes a grant program for mechanical insulation expenditures for eligible entities.

The bill creates a mechanical insulation energy savings program to provide grants for qualified mechanical insulation expenditures. Eligible applicants include school districts, public hospitals, public housing buildings, and political subdivisions with buildings of at least twenty thousand square feet. The economic development authority will administer the program, establish an audit process, and award grants contingent on a specific appropriation. Qualified mechanical insulation expenditures include insulation materials, facings, accessory products, and associated labor costs.