If enacted, this bill would update current statutes by inserting specific rental rates for state-owned buildings into the law for fiscal year 2025-2026. The new language would establish that the capital outlay stabilization fund 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.

Additionally, the bill would include a general statement regarding its purpose, indicating that it relates to the management of state buildings. This insertion aims to clarify the intent of the legislation while ensuring that the specified rental rates are formally recognized in the statutes. The bill does not propose any deletions from the current law, maintaining the existing framework while adding these new provisions.