require legislative approval of real property leases that are necessary for the operation of state government and exceed specified durations or rental payments.

New requirement that the Bureau of Human Resources and Administration must obtain legislative authorization via concurrent resolution before entering long-term real property leases.

Concurrent resolution must specify maximum lease term, maximum base rent amount, project description, and location (county and municipality).

Lease renewals, extensions, or amendments are excluded from requirements if they do not exceed 15 years and do not exceed $5 million total or $50,000 per month in base rent.

Prohibition against dividing a single project lease into multiple leases to avoid legislative authorization requirements.

New definitions for 'Base rent' (excluding taxes, insurance, utilities, maintenance, repairs, common area charges, and improvements) and 'Long-term lease' (leases exceeding 15 years with base rent over $5 million total or $50,000 per month).

Leases entered in violation of the new requirements are voidable through legal action initiated by the attorney general.

Act applies to long-term leases entered into on or after July 1, 2025.