The bill establishes restrictions on foreign adversary ownership of land in Wyoming, defining "foreign adversary" as entities or individuals from countries designated as state sponsors of terrorism or foreign adversaries under federal law. It prohibits foreign adversaries from acquiring land interests in Wyoming, except for personal residences on one acre or less. Those who do acquire such interests must register with the office of homeland security, providing details about the ownership and updating the registration annually. Failure to comply with these registration requirements incurs a civil penalty of $5,000 per day.

Additionally, the bill amends existing tax assessment schedules and statements to include information about the prohibition of foreign adversary ownership and the registration requirements. It mandates that county clerks report any violations of the ownership restrictions, and the attorney general is authorized to enforce compliance through legal action. The act will take effect only after a constitutional amendment is passed, ensuring that it does not affect existing property interests in Wyoming.

Statutes affected:
Introduced: 39-13-103, 39-13-107
Engrossed: 39-13-103, 39-13-107