This bill proposes updates to the current statutes regarding the five-year disposition plan for state lands. It mandates that within two years of the bill's effective date, the state land commissioner must complete the five-year disposition plan as outlined in section 37-331.03, subsection D of the Arizona Revised Statutes. Additionally, the commissioner is required to adopt written policies and procedures for updating this plan every five years, as well as for determining the use of the plan in relation to public auctions of state trust lands. Furthermore, the commissioner must provide a copy of the completed plan and the adopted policies to the president of the senate and the speaker of the house of representatives.

The bill also includes a repeal clause stating that this section will be void after June 30, 2029. It highlights findings from an auditor general's performance audit indicating that the state land department has not developed the required five-year disposition plans since 2016 and notes the vacancy of the urban land planning oversight committee since at least 2018. The bill emphasizes that the absence of committee members does not relieve the commissioner of their obligation to create the plan, which is deemed essential for housing affordability and optimal land use for trust beneficiaries.