The proposed bill aims to restrict foreign adversary ownership of land and other interests in Wyoming. It defines "foreign adversary" as entities or individuals from countries designated as state sponsors of terrorism or foreign adversaries under federal law. The bill prohibits foreign adversaries from purchasing or acquiring land in Wyoming, except for personal residences on no more than one acre. Additionally, it mandates that any foreign adversary who acquires land must register their ownership with the office of homeland security, providing specific details about the property and updating this registration annually. Failure to comply with these registration requirements incurs a civil penalty of $5,000 per day.

Furthermore, the bill amends existing tax assessment schedules and statements to include notices regarding the prohibition of foreign adversary ownership of land in Wyoming and the registration requirements. It specifies that county clerks must report any violations of this ownership restriction, and the attorney general is authorized to enforce compliance through legal action. The act will take effect only upon the passage of a constitutional amendment related to property ownership.

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