The proposed bill establishes new regulations governing the conveyance of real property to prohibited foreign parties in Wyoming, particularly concerning critical infrastructure zones. Starting July 1, 2025, any prohibited foreign party wishing to acquire real property must seek approval from the Office of Homeland Security, which will review applications to assess potential risks to state security. The bill allows the Attorney General to initiate divestiture actions if a conveyance is found to violate the law. It also provides exceptions for resident aliens, permitting them to acquire property under the same conditions as U.S. citizens, provided they maintain residency in Wyoming.

Additionally, the bill introduces changes to the confidentiality of investigations and property tax assessments. It ensures that investigation-related information remains confidential, although it can be shared with governmental entities when necessary. The bill also mandates that property assessment schedules include specific financial details for taxpayers and outlines the application process for prohibited foreign parties. Furthermore, it 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 provisions becoming effective immediately upon passage.

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