This bill aims to protect military installations and state assets in Idaho by prohibiting foreign adversaries from purchasing or controlling certain types of land, including agricultural land, forest land, water rights, mining claims, and mineral rights. It amends Section 55-103 of the Idaho Code to specify that foreign governments and state-controlled enterprises cannot acquire these interests, while also introducing new provisions that define "foreign adversary" and outline the conditions under which foreign principals may hold interests in such properties. Notably, it establishes a requirement for foreign principals to divest any controlling interests in agricultural land within 180 days of the act's effective date and mandates registration with the Idaho State Department of Agriculture.

Additionally, the bill introduces a new section, 55-115, which prohibits foreign adversaries from purchasing or controlling property within specified geographic boundaries near military installations. It includes provisions for the invalidation of existing agreements that conflict with the new law and outlines the process for judicial foreclosure if divestiture does not occur. The bill also incentivizes whistleblowers by offering a reward for referrals that lead to successful divestitures, ensuring that the enforcement of these regulations is supported by community involvement. The act is set to take effect on July 1, 2025, and includes a severability clause to maintain the validity of the remaining provisions if any part is declared invalid.

Statutes affected:
Bill Text: 55-103