Regulatory Reform Act of 2026.

Page numbering and version identifier updated from S1047-v-2 to S1047-v-3.

Added a note indicating the Judiciary Committee substitute was adopted on 6/17/26.

Removed a blank line within the State Energy Office review timeline section.

Removed specific evaluation criteria from the initial Request for Qualifications, including technical feasibility, life cycle cost analysis, and engineer certifications.

Added a new requirement for an 'Investment Grade Audit' with life cycle cost analysis to be conducted by the qualified provider after selection but before contract award.

Added a new role for a 'Qualified Reviewer' to evaluate the final proposal and negotiated contract terms before a State unit awards a contract.

Added a new review step for the State Energy Office to assess the proposal and cost-benefit analysis within 10 business days for State governmental units.

Changed the bill header to reflect the 2026 legislative session and included a committee adoption date.

Corrected a typo changing 'resoliciation' to 'resolicitation' and updated references to 'governmental unit' to 'governmental unit' in the RFQ content.

Header metadata was updated to change the filing date to April 30, 2026, and the bill version identifier from DRS15451-NPf-40 to S1047-v-1.

A section title was slightly reformatted by removing one space between 'Energy' and 'Savings'.

A new subsection (g) titled 'Investment Grade Audit' was added, requiring an audit before entering into a guaranteed energy savings contract, though the specific audit criteria are not fully detailed in the provided text.