The bill SB1746 amends current law regarding the management of state buildings by establishing specific rental rates for state-owned properties for the fiscal year 2024-2025. It sets 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.

Additionally, the bill clarifies that these changes are necessary to implement the FY 2025 state budget and will take effect on the general effective date. This legislative action is part of a broader effort to ensure that statutory changes align with budgetary requirements, as outlined in the context of budget reconciliation bills (BRBs).