The proposed bill aims to enhance the protection of military installations and state assets in Idaho by prohibiting foreign adversaries from purchasing or leasing 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 controlling interests in these properties. Additionally, it introduces a new section, 55-115, which establishes geographic boundaries where foreign adversaries are prohibited from controlling property. The bill outlines the process for divestiture of any existing holdings by foreign adversaries and includes provisions for whistleblower rewards for reporting violations.

Key provisions include a requirement for foreign principals to divest from agricultural land within 180 days of the act's effective date, as well as a registration requirement with the Idaho State Department of Agriculture for any foreign principal acquiring agricultural land. The bill also stipulates that any current agreements conflicting with the new law will be deemed invalid. The attorney general is empowered to take legal action against non-compliance, and proceeds from any judicial foreclosure will be distributed according to a specified order, including rewards for whistleblowers. 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 found invalid, the remaining provisions will still stand.

Statutes affected:
Bill Text: 55-103