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SB 1843

management; state properties; 2026-2027

57th Legislature - Second Regular Session Introduced by Dave Farnsworth and 1 co-sponsor

SB 1843 fixes the rental rates for state-owned office and storage space for fiscal year 2026-2027 at $17.87 and $6.43 per square foot, overriding the existing statute for that year

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Bill Summary · SB 1843

Summary of SB 1843 (Arizona, 57th Legislature, 2nd Regular Session)

Title

Establishing Rental Rates for State-Owned Buildings; Relating to the Management of State Properties.

Purpose and Intent

SB 1843 sets specific rental rates for state-owned buildings within the Capital Outlay Stabilization Fund for the fiscal year 2026-2027. The bill operates as an adjustment or specification of rental rates, potentially superseding existing statutory references (notably Section 41-792.01, subsection D) for that fiscal year.

Key Provisions

  • Rental Rate Determination (Fiscal Year 2026-2027): For state-owned buildings, the rental rates established under the capital outlay stabilization fund are:
    • Office space: $17.87 per square foot
    • Storage space: $6.43 per square foot
  • Override of Existing Statute: The stated rates apply “Notwithstanding section 41-792.01, subsection D,” meaning these figures take precedence for the 2026-2027 fiscal year even if they differ from the standards in that statute.

Affected Entities and Impacts

  • State-Owned Buildings: Agencies and entities housed in or utilizing state-owned office and storage space would be affected, as the rental costs charged to state agencies or internal funds will be based on these specified rates for the 2026-2027 period.
  • State Budget and Accounting Practices: Agencies budgeting for facilities and the Capital Outlay Stabilization Fund will align spending with the new per-square-foot rates for the specified year.
  • Facilities Management: The rates provide a defined pricing framework for planning, procurement, and allocation of space within state-owned properties.

Procedural and Timeline Details

  • Effective Period: The rates apply specifically to the fiscal year 2026-2027.
  • Legislative Action History: Introduced and assigned to the Senate Committee; first reading occurred on 2026-04-27.

Practical Considerations

  • The bill is narrowly scoped to set or fix rental rates for a single fiscal year, rather than establishing long-term or permanent revisions to rent schedules.
  • Agencies and stakeholders should prepare for these defined costs when forecasting and budgeting for 2026-2027.

If you’d like, I can compare these rates to prior years or to the standard rates under Section 41-792.01 to illustrate changes and potential fiscal impact.

Compiled from official sources — confirm details with the bill’s official record.

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