This bill introduces stringent restrictions on foreign principals from designated "countries of concern," including China, Russia, Iran, Syria, and North Korea, regarding their ability to acquire interests in real property within 10 miles of specific military facilities in New Hampshire. It establishes new sections under RSA 477, specifically 477:22-b through 477:22-f, which prohibit foreign principals from acquiring real property interests by any means. The bill requires a notarized affidavit confirming eligibility for property acquisition and imposes criminal penalties for violations, including misdemeanors for individuals and felonies for entities. Additionally, it outlines a forfeiture process for properties acquired in violation of these restrictions, allowing the Attorney General's office to initiate forfeiture actions against violators.

Furthermore, the bill amends existing law by inserting section 477:4-i into RSA 477, which mandates that sellers, lessors, or landlords provide written notice to buyers, lessees, or tenants about the requirement to file a qualified renter/purchaser affidavit with the Attorney General's office for any real property transactions within the specified area. The Attorney General is tasked with adopting rules regarding the affidavit's contents and filing requirements. While the fiscal note indicates a projected zero revenue impact, it suggests indeterminable expenditures related to prosecution and civil cases in the Superior Court. The act is set to take effect on January 1, 2026.