Arizona Laws 41-793.01. Formula for building renewal monies; legislative appropriations
A. The joint committee on capital review shall develop and approve a uniform formula for computing annual funding needs of building systems for building renewal. In developing a formula, the committee shall take into consideration at least the following factors:
Terms Used In Arizona Laws 41-793.01
- Building renewal: means major activities that involve the repair or reworking of a building and the supporting infrastructure that will result in maintaining a building's expected useful life. See Arizona Laws 41-790
- Building system: means a group of buildings that together constitute a single unit for purposes of planning, land acquisition, construction or building renewal. See Arizona Laws 41-790
- Department: means the department of administration. See Arizona Laws 41-701.01
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
- Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
1. The current replacement value of buildings, including structures capitalized as part of the original cost of the buildings.
2. The original construction cost of buildings, including structures capitalized as part of the original cost of the buildings.
3. The current age of buildings.
4. The expected useful life of buildings, including any extraordinary use or functions of the building.
B. In developing a building renewal formula pursuant to subsection A of this section, the committee shall develop and approve a uniform format for all building systems for the collection of data required by the building renewal formula.
C. The amount computed pursuant to this section for building renewal for each building system shall be incorporated into the capital improvement plan required pursuant to section 41-793.
D. The agency responsible for a building system shall allocate and expend the amounts appropriated for building renewal within the building system. The department may use up to eight per cent of the amount appropriated for routine preventive maintenance.
E. Notwithstanding this section or any other law, monies that are appropriated or available for building renewal may be spent for state building modifications to comply with the federal Americans with disabilities act of 1990 (42 United States Code §§ 12101 through 12213 and 47 United States Code §§ 225 and 611).