SB1735 Summary

• Amends rental rate calculation procedures for state agencies occupying state-owned buildings by requiring the Department of Administration to report proposed rental fee exemptions to the Joint Legislative Budget Committee staff before authorization.

• Establishes new quarterly reporting requirement for state agencies to submit capital project and expenditure status reports to the Joint Legislative Budget Committee staff and Governor's Office of Strategic Planning and Budgeting within 30 days after each calendar quarter, with an exception for highway construction projects.

• Sets specific rental rates for fiscal year 2022-2023 at $17.87 per square foot for office space and $6.43 per square foot for storage space in state-owned buildings.

• Directs proceeds from the sale of state buildings at 519 Beale Street in Kingman and 1919 West Jefferson Street in Phoenix to be deposited into the Capitol Mall Consolidation Fund.

• Repeals section 41-1382, Arizona Revised Statutes, and makes technical corrections to capitalization and hyphenation of "state-leased buildings" and related terms.