The bill proposes the enactment of section 123.14 of the Revised Code, which mandates the Department of Administrative Services to conduct a comprehensive study of the state's real property holdings every two years. The study will include a detailed report on all real property owned or leased by the state or state agencies, which must be submitted to key state officials by January 31 of every odd-numbered year. The report will encompass a complete list of owned properties, including their nature, value, maintenance costs, and usage statistics, as well as a list of leased properties and associated costs. Additionally, it will detail which state agencies utilize the properties and the square footage used versus unused.

The bill defines "state agency" to include all organized bodies established by state law for government functions, excluding courts, judicial agencies, state-assisted higher education institutions, and local agencies. This comprehensive approach aims to enhance transparency and accountability regarding the management of state-owned and leased real estate, ensuring that state resources are effectively utilized.