Plain English Breakdown
The official status indicates a gubernatorial veto; whether this bill became law depends on if lawmakers successfully overrode that veto, which is not confirmed in the provided metadata.
HB4150: Proposed Rental Rates for State Buildings in 2026-2027
This bill proposed setting specific rental prices that state agencies would pay to use office and storage space owned by the state during fiscal year 2026-2027.
What This Bill Does
- Proposed a rate of $17.87 per square foot for renting office space in state-owned buildings.
- Proposed a rate of $6.43 per square foot for renting storage space in state-owned buildings.
- Applied these rates specifically to the fiscal year 2026-2027.
Who It Names or Affects
- State agencies or departments that rent office space from the state.
- State agencies or departments that rent storage space from the state.
- The capital outlay stabilization fund, which manages these properties and collects payments.
Terms To Know
- Fiscal Year
- A one-year period used for government budgeting that runs from July 1 to June 30 of the next year.
- Capital Outlay Stabilization Fund
- The state fund responsible for managing and renting out buildings owned by Arizona.
Limits and Unknowns
- This bill was vetoed by the governor on May 5, 2026, so it did not become law unless lawmakers later overrode that decision.
- The text does not explain why these specific prices were chosen or how they compare to past years.