ARIZONA HOUSE OF REPRESENTATIVES

Fifty-sixth Legislature

First Regular Session

Senate: APPROP DP 6-4-0-0 | 3rd Read 16-14-0-0

House: 3rd Read 31-27-2-0

SB 1533: state buildings; management; 2023-2024. (Substituted for HB 2580)

Sponsor: Senator Kavanagh, LD 3

Transmitted to the Governor

Overview

Contains provisions relating to the management of state buildings needed to implement the FY 2024 budget.

History

The Capital Outlay Stabilization Fund (COSF) is a non-lapsing, appropriated fund that consists of rental rates charged by the Arizona Department of Administration for the costs of services provided to agencies that occupy state-owned buildings (A.R.S. § 41-792.01).

COSF rental rates of $17.87 per square foot for office space and $6.43 per square foot for storage  space was first set in the FY 2020 budget (Laws 2019, Ch. 267).

Provisions

1.   ☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal NoteAs session law, maintains the COSF rental rates for state buildings in FY 2024 at:

a)   $17.87 per square foot for office space; and

b)   $6.43 per square foot for storage space. (Sec. 1)

c)    

d)    

e)   ---------- DOCUMENT FOOTER ---------

f)                         SB 1533

g)   Initials AF        Page 0 Transmitted

h)    

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