Substitute House Bill No. 6735 seeks to restrict ownership, possession, or acquisition of real property near military installations and agricultural lands by foreign entities linked to "countries of concern," specifically China and Russia. The bill introduces definitions for terms such as "foreign principal," "military installation," and "agricultural land," and explicitly prohibits foreign principals from owning or acquiring such properties. Additionally, prospective buyers within a three-mile radius of military installations are required to notify the Adjutant General of their intent to purchase, who will assess the transaction for public safety and security concerns.

To enforce these restrictions, the bill mandates that buyers adjacent to military installations or agricultural lands sign an affidavit confirming they are not foreign principals and that their purchase complies with the bill's provisions. It also establishes a civil forfeiture process for properties acquired in violation of these rules, empowering the Attorney General to pursue legal action to seize such properties if they are deemed a threat to state safety. The bill is set to take effect on October 1, 2025, and aims to enhance clarity in legal language regarding these prohibitions.