Senator’s SMART Leasing Act saves Arizona taxpayers’ money, decreases government spending and waste by using rent revenue from underused government spaces to pay for important projects and maintenance
WASHINGTON – Arizona senior Senator Kyrsten Sinema introduced the bipartisan SMART Leasing Act along with Senators Gary Peters (D-Mich.), James Lankford (R-Okla.), and Josh Hawley (R-Mo.) to create a program allowing federal agencies to lease unused government space and use the rent revenue to pay for other important projects and maintenance – saving Arizona taxpayers their hard-earned money and cutting down on government waste and spending.
“We’re saving Arizona taxpayers their hard-earned money and cutting government waste by allowing federal agencies to use rent revenue from underused spaces to pay for important projects and maintenance – instead of using hardworking Arizonans’ money,” said Sinema.
Sinema’s SMART Leasing Act creates a pilot program allowing federal agencies the freedom to sublease underutilized property to generate revenue that would fund maintenance, revitalization, and improvements. This bipartisan legislation could provide millions of dollars for federal agencies to reinvest in their facilities, at no cost to Arizona taxpayers. The SMART Leasing Act would help realize the full potential of the federal government’s assets and efficient use of American tax dollars.
Currently, many federal agencies have underused property they cannot sell but could be fully used by other public or private organizations. Sinema’s SMART Leasing Act allows the renting of these underused spaces and use that rent revenue instead of Arizona taxpayers’ money and cut down on government waste.