Residential Energy Conservation Act

[AI summary unavailable — showing source text] Residential Energy Conservation Act - Authorizes the Secretary of the Treasury to make loans to authorized administrative authorities for the purpose of enabling such authorities to carry out energy conservation investment programs. Defines the term "authorized administrative authority" as the Secretary or any gas or electric utility designated by the Secretary under this Act. Directs any such authority which receives any loan under this Act to use funds from such loan to provide loans to any owner of a dwelling which does not comply with insulation standards specified by State and local law in order to bring such dwelling into compliance. Permits the Secretary of Housing and Urban Development to designate any person to assume inspection responsibility for the dwelling of any applicant for loans under this Act. Sets forth measures to insure compliance with insulation standards.…