SB 1075
foreign entities; land; legislative approval
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill establishes a process for reviewing and approving the sale, lease, or sublease of state land to foreign entities. It creates a ‘Foreign Entity Review Commission’ within the State Real Estate Department to assess potential risks associated with such transactions. The bill also increases penalties for violations, including potential felony charges if a foreign government is involved, and defines key terms like ‘foreign entity’ and ‘hostile.’ It amends existing laws regarding state land sales and restrictions on who can purchase state land.
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