The proposed legislation seeks to strengthen the protection of military installations and state assets in Idaho by prohibiting foreign adversaries from acquiring or controlling specific types of land, such as agricultural land, forest land, water rights, mining claims, and mineral rights. It amends Section 55-103 of the Idaho Code to explicitly bar foreign governments and state-controlled enterprises from these acquisitions, with exceptions for interests obtained before the law's effective date or by foreign pension funds. Additionally, a new section, 55-115, is introduced to prevent foreign principals from adversary countries from purchasing or controlling property within designated areas, mandating divestiture within 180 days if such control occurs.

The bill also establishes a registration requirement for foreign principals owning agricultural land or mining claims and empowers the attorney general to enforce compliance, including judicial foreclosure if necessary. It includes whistleblower provisions that allow individuals to report violations and potentially earn rewards from divestiture proceeds. Furthermore, the legislation prioritizes claims for bona fide lienholders, whistleblowers, and restricted foreign entities, while clarifying the responsibilities of foreign entities regarding military bases. A severability clause ensures that if any part of the act is invalidated, the remaining provisions remain enforceable, and an emergency clause sets the act's effective date for July 1, 2025.

Statutes affected:
Bill Text: 55-103