Summary of Original Version

Create a new section of KRS Chapter 247 to prohibit a nonresident alien, foreign business, agent, trustee, or fiduciary associated with the government of any prohibited country as referenced in 22 C.F.R. sec. 126.1 from the purchase, lease, or acquisition of agricultural lands in Kentucky or participation in programs administered by the Department of Agriculture, Agricultural Development Board, and Kentucky Agricultural Finance Corporation.

Summary of Amendment: House Committee Substitute 1

Summary Retain original provisions; allow an existing foreign-owned business to purchase adjacent agricultural lands to expand the operations of the business.