The proposed bill would amend current statutes regarding the sale of state land in Arizona by introducing a prohibition on conveying land to foreign entities deemed hostile to the United States. Specifically, it would insert a new section (33-459) that states, "Beginning on the effective date of this section, land in this state may not be conveyed to a foreign entity that is hostile to the United States." This new language would clarify the definition of a "foreign entity that is hostile to the United States" as a country identified by the U.S. Director of National Intelligence as posing a risk to national security in recent threat assessments.

Additionally, the bill would modify existing statutes by adding a provision that sales of state lands may not be made to foreign entities that are hostile to the United States, while maintaining the current restrictions on corporations or associations not qualified to transact business in Arizona. The bill would also remove the Legislature's ability to approve such conveyances and eliminate the requirement for identification submission to the Arizona Department of Real Estate, thereby streamlining the process while reinforcing the restrictions on land sales to foreign entities.

Statutes affected:
Introduced Version: 33-459, 37-231, 37-240, 27-271
Senate Engrossed Version: 33-459, 37-231, 37-240, 27-271