This bill introduces stringent regulations 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 adds new sections, 477:22-b through 477:22-f, to RSA 477, which prohibit these foreign entities from acquiring or leasing real property in the specified areas. The bill requires a notarized affidavit to confirm eligibility for such transactions and imposes criminal penalties for violations, categorizing them as class A misdemeanors for individuals and class B felonies for entities. Additionally, it establishes a forfeiture process for properties acquired in violation of these restrictions, allowing the Attorney General's office to initiate forfeiture actions.

Furthermore, the bill mandates that any purchase, sale, lease, or rental agreement for real property within the designated area must include written notice about the requirement to file a qualified renter/purchaser affidavit with the Attorney General's office, as outlined in the newly inserted section 477:4-i. The Attorney General is also tasked with adopting rules regarding the affidavit's contents and filing requirements. The legislation aims to bolster national security by limiting foreign influence near critical military installations and may have an indeterminate fiscal impact due to potential increased costs in prosecution and civil cases. The act is scheduled to take effect on January 1, 2026.