If enacted, this bill would update current statutes regarding the management of state buildings by establishing specific rental rates for state-owned properties for the fiscal year 2025-2026. The bill would insert new language specifying that the rental rates are set at $17.87 per square foot for office space and $6.43 per square foot for storage space, overriding any existing provisions in section 41-792.01, subsection D of the Arizona Revised Statutes.

The bill does not propose any deletions from the current law but adds necessary provisions to implement the fiscal year 2026 state budget effectively. The new language would ensure that the specified rental rates are officially recognized and enforced for the designated fiscal year, thereby facilitating the management of state buildings in accordance with budgetary requirements.