If this bill were to become law, it would update the current statutes by establishing specific rental rates for state-owned buildings for the fiscal year 2025-2026. The bill proposes new rates of $17.87 per square foot for office space and $6.43 per square foot for storage space, which would be inserted into the existing legal framework.

The bill also includes a provision that overrides the existing statute referenced in section 41-792.01, subsection D, thereby ensuring that the newly established rental rates take precedence over any previous rates set forth in current law. This change aims to provide clarity and consistency in the management of state buildings.