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 specific exceptions for interests acquired prior to the effective date of the law and for foreign pension funds. Additionally, it introduces a new section, 55-115, which outlines prohibitions on foreign adversaries from leasing or purchasing property within designated geographic boundaries, requiring divestiture within 180 days if such control is acquired.

The bill also establishes a whistleblower provision that incentivizes individuals to report violations, offering a reward of 30% of the proceeds from the sale of any land or assets that are divested due to non-compliance. It includes detailed definitions of terms such as "foreign adversary," "foreign principal," and "military base," and outlines the responsibilities of the Idaho State Department of Agriculture and the Department of Lands in implementing these provisions. 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 be enforceable.

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