The bill updates current statutes regarding the management of state properties by maintaining the rental rates for state-owned buildings at $17.87 per square foot for office space and $6.43 per square foot for storage space in fiscal year 2026-2027. It also introduces a requirement for the Arizona Department of Administration to report specific details about the sale of state-owned real property within the Governmental Mall, including the address, square footage, purchase price, and the fund where proceeds are deposited.

Additionally, the bill authorizes the Legislative Council to place a commemorative plaque in the Governmental Mall recognizing the Arizona America 250 Commission, detailing the members' names and years of service. It specifies that public funds cannot be used for the plaque's costs, and all fundraising efforts are the responsibility of the proponents. This section will be repealed after September 30, 2029.