This bill aims to enhance the protection of 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 are barred from acquiring these interests, while also introducing new provisions that define "foreign adversary" and outline the conditions under which foreign principals may hold indirect interests. Additionally, the bill establishes a new Section 55-115, which prohibits foreign adversaries from purchasing or controlling property within specified geographic boundaries and mandates divestiture of such properties within 180 days of the act's effective date.

The bill includes several key provisions, such as the requirement for foreign principals to register with the Idaho State Department of Agriculture if they own agricultural land, and it allows for whistleblower incentives for reporting violations. It also outlines the process for judicial foreclosure if foreign principals fail to divest properties as required. The act is set to take effect on July 1, 2025, and includes a severability clause to ensure that if any part of the act is deemed invalid, the remaining provisions will still be enforceable.

Statutes affected:
Bill Text: 55-103