The bill amends the Civil Practice and Remedies Code and the Property Code in Texas to regulate the purchase or acquisition of title to real property by certain aliens and foreign entities. It introduces a new subchapter (Subchapter H) that defines terms such as "agricultural land," "control," and "designated country," and establishes that aliens have the same property rights as U.S. citizens, except as specified in the new subchapter. The bill prohibits individuals or entities from designated countries from acquiring real property in Texas, with exceptions for U.S. citizens and lawful permanent residents, as well as for properties intended for personal residence.

Additionally, the bill empowers the attorney general to enforce these regulations and conduct investigations into potential violations. If a violation is found, the district court can divest the offending party's interest in the property and appoint a receiver to manage it. The attorney general is also tasked with adopting rules for implementing these changes. The law will take effect on September 1, 2025, and will only apply to transactions occurring after that date.

Statutes affected:
Introduced: Civil Practice and Remedies Code 64.001, Property Code 5.005 (Civil Practice and Remedies Code 64, Property Code 5)