HB2377 is a bill that mandates the Joint Legislative Budget Committee (JLBC) to conduct a comprehensive cost and revenue study of the annual management costs and revenues generated from all federal lands in Arizona, excluding those under the control of the U.S. Department of Defense, Bureau of Indian Affairs, or Bureau of Reclamation. The study will assume that Arizona has control and management of these lands at no cost to the state. The JLBC is required to collaborate with various state agencies and may coordinate with federal agencies, departments, bureaus, and members of Congress to gather necessary information. The findings of the study must be submitted to the Governor, the President of the Senate, the Speaker of the House, and the Secretary of State within one year of the bill's effective date. The bill also stipulates that this section will be repealed on December 31, 2025.

The bill removes the previous requirement for the Auditor General to participate in the study and allows the JLBC to request information from the Congressional Research Service. It also makes technical and conforming changes to the existing law. The bill has no anticipated fiscal impact on the state General Fund.