Adds to existing law to provide for certain live virtual re-inspections and to provide for timely inspections and the option for third-party inspections in certain situations.

The implementation of live virtual inspections is expected to reduce administrative burdens and improve efficiency, potentially lowering operational costs for state and local inspection agencies. However, there may be initial expenses related to training and technology adoption for live virtual inspections. The inspection timeliness reimbursement and fee refund provisions could impose moderate financial liabilities on state and local governments if delays or administrative errors occur frequently. However, these provisions also create strong incentives for agencies to process inspections in a timely manner, ultimately improving efficiency and reducing costly project delays for businesses and homeowners. Funding for these changes will primarily come from existing permit and inspection fee collections, with no additional state appropriations required.