SB 0010
Property: land sales; sale or transfer of real property to foreign entities; prohibit. Amends title & secs. 35 & 36 of 1846 RS 66 (MCL 554.135 & 554.136) & adds sec. 36a.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill prohibits the purchase or acquisition of farmland in Michigan by foreign governments, state-sponsored enterprises, or individuals acting on their behalf. It establishes definitions for key terms like ‘farmland,’ ‘foreign government,’ and ‘state-sponsored enterprise.’ Existing farmland ownership as of October 1, 2023, is generally grandfathered, but further acquisitions are restricted. The bill aims to safeguard Michigan’s agricultural land from foreign influence.
Sponsors
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Primary sponsor
Joseph N. Bellino Jr.
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