SB 1860 sets rental rates for state-owned buildings and mandates reporting for sales of state properties in the governmental mall for fiscal year.

SB 1860 establishes specific rental rates for state-owned buildings in fiscal year 2026-2027, setting $17.87 per square foot for office space and $6.43 per square foot for storage space. Additionally, it requires the Department of Administration to report on the sale of real property within the governmental mall, including details such as the address, footage, purchase price, and the fund where proceeds are deposited.

SB 1860 sets rental rates for state-owned buildings and mandates reporting for sales of state properties in the governmental mall for fiscal year.

SB 1860 establishes specific rental rates for state-owned buildings in fiscal year 2026-2027, setting $17.87 per square foot for office space and $6.43 per square foot for storage space. Additionally, it requires the Department of Administration to report on the sale of real property within the governmental mall, including details such as the address, footage, purchase price, and the fund where proceeds are deposited.