Insurance; creating the Oklahoma Commercial FORTIFIED Roof Program; establishing certain standards; allowing Insurance Commissioner to approve certain alternative standards. Effective date.
(New Title) requiring the commissioner of the insurance department to prepare and publish a report regarding fortified home and commercial standards, and other mitigation and resiliency programs.
Increases the maximum amount of the construction code retrofitting deduction and expands the deduction to cover costs associated with "fortified home" standards compliance (EN DECREASE GF RV See Note)
Requests the Louisiana Department of Insurance to conduct a comprehensive study on incentives and standard benchmarks for integration into the Louisiana Fortify Homes Program
Requests the Louisiana State Licensing Board of Contractors and the Louisiana State Uniform Construction Code Council to study and report to the legislature information and recommendations regarding adoption of the fortified roof building standards into the building codes for the coastal zone
Requiring economic development electric rate discounts offered by public utilities to cover the incremental and variable costs to serve customers that receive such a discount.
Prohibiting large facilities receiving certain tariffs or failing to meet workforce and electric demand requirements from qualifying for economic development electric rates.