SB 1533
Initials AF Page 1 Vetoed
ARIZONA HOUSE OF REPRESENTATIVES
Fifty-sixth Legislature
First Regular Session
Senate: APPROP DP 6-4-0-0 | 3
rd
Read 16-14-0-0
House: 3
rd
Read 31-27-2-0
SB 1533: state buildings; management; 2023-2024. (Substituted for HB 2580)
Sponsor: Senator Kavanagh, LD 3
Vetoed
Overview
Contains provisions relating to the management of state buildings needed to implement the FY
2024 budget.
History
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.S. § 41-792.01).
COSF rental rates of $17.87 per square foot for office space and $6.43 per square foot for storage
space was first set in the FY 2020 budget (Laws 2019, Ch. 267).
Provisions
1. 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. (Sec. 1)
☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note