The proposed bill establishes regulations for the conveyance of real property to prohibited foreign parties in Wyoming, particularly concerning critical infrastructure zones. Starting July 1, 2025, any prohibited foreign party must apply for approval from the office of homeland security to acquire such property. The application process requires detailed information about the parties involved and the intended use of the property, with a maximum review period of 180 days, extendable under certain conditions. The bill also allows for divestiture actions if property is acquired without the necessary approval. It includes definitions and exceptions, notably permitting resident aliens to acquire property under the same terms as U.S. citizens, while emphasizing the protection of state security from foreign adversaries.

Additionally, the bill introduces changes to the confidentiality of investigations related to public interest, stating that investigation information will not be public record but can be shared with governmental entities when necessary. It mandates that assessment schedules sent to taxpayers include specific information about property values and a statement regarding the application process for prohibited foreign parties. The bill allocates funding for the office of homeland security, authorizing two full-time positions and appropriating $209,800 from the general fund until June 30, 2026. The act is set to take effect on July 1, 2025, with certain sections becoming effective immediately upon passage.

Statutes affected:
Introduced: 19-13-105, 19-13-501, 19-13-502, 39-13-103, 39-13-107