The proposed bill, if enacted, would amend current statutes regarding land conveyance in Arizona by prohibiting the sale or conveyance of land to federally banned corporations. Specifically, it would insert new language defining a "federally banned corporation" as any company banned by the Federal Communications Commission, the United States Department of Commerce, the Cybersecurity and Infrastructure Security Agency, or the Federal Acquisition Security Council. Additionally, the bill clarifies that this prohibition does not apply to the U.S. government or its states, territories, or possessions.

Current statutes would remain largely unchanged, but the bill would add provisions that explicitly prevent the sale of state land to federally banned corporations and specify that such corporations include any agents or entities under significant control of these corporations. The bill also makes technical and conforming changes to existing language, ensuring that the new prohibitions are integrated smoothly into the current legal framework.

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