The proposed 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 clarify that foreign governments and state-controlled enterprises are barred from acquiring these interests, while also introducing a new section, 55-115, which specifically prohibits foreign principals from foreign adversary countries from purchasing or controlling property within designated geographic boundaries. The bill outlines the process for divestiture of such properties, requiring foreign principals to sell or transfer ownership within 180 days of the act's effective date.

Additionally, the bill establishes a whistleblower provision that rewards individuals who report violations leading to divestiture, entitling them to 30% of the proceeds from the sale of the land. It also includes provisions for the invalidation of existing agreements that conflict with the new law and outlines the responsibilities of the Idaho State Department of Agriculture in implementing these regulations. 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