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 specify that foreign governments and state-controlled enterprises are barred from acquiring these interests, with additional restrictions placed on foreign principals from foreign adversary countries. Notably, the bill introduces new provisions that require foreign principals to divest any controlling interests in these properties within 180 days of the act's effective date and mandates registration with relevant state departments for any foreign ownership.

Additionally, the bill establishes a new section, 55-115, which outlines prohibitions on the lease or purchase of property within specified geographic boundaries near military bases. It includes provisions for whistleblower incentives, allowing individuals to report violations and receive a reward from the proceeds of any resulting asset sales. The bill also clarifies the responsibilities of the attorney general and other entities in enforcing these regulations, ensuring that individuals not classified as foreign entities are not held liable for compliance determinations. The act is set to take effect on July 1, 2025, following the declaration of an emergency.

Statutes affected:
Bill Text: 55-103
Engrossment 1: 55-103