This bill mandates the State Treasurer to conduct a comprehensive study on the utilization of office space within State government, particularly in light of the evolving hybrid and remote work environment. The study aims to evaluate the current leasing and usage of office space by various State departments and agencies, identifying potential efficiencies and cost savings. The report will analyze factors such as the total square footage of office space, the percentage of space currently occupied, the impact of remote work on office needs, and any other relevant considerations deemed necessary by the State Treasurer.

The State Treasurer is required to complete this report within 90 days of the bill's effective date and submit it to both the Governor and the Legislature. The report will also include recommendations for optimizing office space utilization to achieve savings. The bill is designed to take effect immediately and will expire once the report is finalized.