This bill proposes several updates to current statutes regarding land sales in Arizona. It introduces a new requirement that land in the state cannot be conveyed to a hostile foreign entity without majority approval from both the Senate and the House of Representatives. Additionally, it mandates that grantors and their agents must submit valid identification for any grantee, including details about the grantee's agent if the grantee is not a natural person. The bill also clarifies that identification is considered valid unless it is expired and defines terms such as "foreign entity" and "hostile."

Furthermore, the bill modifies existing language related to the sale of state lands, including the reservation of mineral rights and the conditions under which state lands may be sold. It specifies that sales of state lands may not be made to hostile foreign entities without legislative approval, thereby enhancing oversight of land transactions involving foreign interests. The bill also updates definitions and conditions surrounding the sale and leasing of state lands, ensuring that the interests of the state are protected in these transactions.