management; state properties; 2026-2027.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
House Bill 4150 adjusts the rental rates for state-owned buildings in Arizona for fiscal year 2026-2027. Specifically, it sets the rental rate for office space at $17.87 per square foot and the rental rate for storage space at $6.43 per square foot. These rates differ from the standard rates outlined in Arizona Revised Statutes. The bill focuses on managing the financial aspects of state property rentals.
Key provisions
- Establishes a rental rate of $17.87 per square foot for office space in state-owned buildings.
- Establishes a rental rate of $6.43 per square foot for storage space in state-owned buildings.
- Applies these rates for fiscal year 2026-2027.
- Modifies the standard rental rate calculation as outlined in Arizona Revised Statutes.
Who is affected
- State of Arizona
- State-owned buildings
- Tenants of state-owned buildings
Notable changes
- Sets specific rental rates for office and storage space, deviating from standard rates.
Fiscal impact
The bill impacts the state’s revenue from rental income by establishing new rates for state-owned buildings.
Bill text
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Sponsors
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5 on record
Primary sponsor
Cosponsors
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