This bill establishes a new section in Iowa law regarding the optimization of state properties, specifically focusing on the review and potential sale of underutilized state buildings. The director of the department of administrative services is tasked with maintaining a digital inventory of all state buildings and conducting a four-year review cycle to evaluate at least 25% of the state's building inventory each fiscal year. The evaluation will assess factors such as utilization, condition, operating costs, and market value. An annual state building optimization report must be submitted to the governor and the general assembly, identifying any underutilized properties.

If a state building is identified as underutilized, the agency in control must initiate the process to vacate and dispose of the property within 60 days of the report's release. Should an agency wish to retain the property, it must provide a written justification to the legislative council, demonstrating the necessity of the property and a plan for improved utilization. The legislative council has the authority to reject retention requests, which would then require the agency to proceed with disposal. Additionally, the bill stipulates that 50% of the net proceeds from the sale of any underutilized property will be allocated to the rebuild Iowa infrastructure fund, while the remaining 50% will go to the state’s general fund.