The bill HB2908/SB1746 proposes changes to the management of state buildings in Arizona, specifically addressing the rental rates for state-owned properties for the fiscal year 2024-2025. It establishes the rental rates at $17.87 per square foot for office space and $6.43 per square foot for storage space, overriding previous provisions in section 41-792.01, subsection D of the Arizona Revised Statutes.

This legislation is necessary to implement the FY 2025 state budget and is categorized as a budget reconciliation bill (BRB), which allows for substantive law changes to be enacted alongside budgetary measures. The bill will take effect on the general effective date, ensuring that the new rental rates are applied promptly for the specified fiscal year.