This 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, while also introducing new definitions and provisions regarding foreign principals and their ownership interests. Notably, the bill establishes a requirement for foreign principals to divest any controlling interests in these properties within 180 days of the act's effective date, and it mandates registration with relevant state departments for those who own such interests.

Additionally, the bill introduces a new section, 55-115, which outlines specific geographic boundaries where foreign adversaries are prohibited from controlling property. It includes provisions for whistleblower incentives, allowing individuals to report violations and receive a reward from the proceeds of any resulting property sales. The bill also emphasizes that the responsibility for compliance lies with the foreign entities and the attorney general, shielding non-foreign individuals from liability. 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 stand.

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