The bill mandates the commissioner of administration to prepare a report by February 15, 2026, focusing on vacant state office space. This report will be submitted to the chairs and ranking minority members of the legislative committees that oversee the budget of the Department of Administration. It will catalog the office space owned or leased by the state, indicating the extent of substantial vacancy. Additionally, the report will explore the potential for converting this vacant space into housing and assess the revenue that could be generated for the state through the rental or sale of the repurposed properties.

To facilitate this report, the commissioner is authorized to obtain cost estimates for converting the vacant office space into housing and to contract for a study on real estate market conditions. This study will help evaluate the potential revenue that could be returned to the state from the rental or sale of the repurposed properties.