AZ SB1615

Establishes a State Property Review Board with four voting members (two appointed by the governor with commercial real estate experience, one each by the senate president and house speaker) plus the Department of Administration director as a nonvoting advisory member.

Requires the board to conduct a comprehensive utilization audit of all state-owned real property beginning January 1, 2027, excluding state land trust holdings.

Mandates that any property with a use rate below 60% of intended capacity be designated as "Surplus Property" and placed on a Mandatory Disposal List for sale at public auction within twelve months.

Directs all net proceeds from property sales to be deposited in the state general fund.

Prohibits any other legal requirements from interfering with or superseding the mandatory sale of properties on the disposal list.