SB1533

THE CONTEXT: 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.

WHAT THE BILL DID: The final vetoed version would as 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; c) d) e).

WHY IT MATTERED: The practical reason for this bill was to make the government process for state buildings more definite and accountable. It would as 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. c) d) e), rather than leave the current rule unchanged.