The proposed bill would amend current statutes by prohibiting the Arizona State Land Department (ASLD) from conveying state land located within ten miles of critical infrastructure to foreign-controlled entities, including through indirect acquisitions and U.S.-based proxies, unless specific conditions are met. These conditions include a review by the Attorney General in consultation with federal authorities, and a determination that the conveyance poses no national security risk. Additionally, the bill introduces new disclosure requirements for individuals submitting offers for such land, mandating them to disclose any foreign affiliations or submit an affidavit stating they have no foreign affiliations.

Furthermore, the bill outlines penalties for violations, including class 6 felony charges for acquiring state land with foreign affiliations and civil penalties of $250,000 per acre. It also requires annual registration with ASLD for individuals owning interests in state land with foreign affiliations and allows for the retention of such land unless deemed a national security threat. The bill defines critical infrastructure and foreign-controlled entities, and includes provisions for the Attorney General to investigate violations and seek divestment of affected state land. Overall, the bill aims to enhance the security of state land transactions in relation to foreign interests.

Statutes affected:
Introduced Version: 37-111