Alabama 2025 Regular Session

Alabama House Bill HB68 Compare Versions

Only one version of the bill is available at this time.

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1	1	HB68INTRODUCED
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3	3	HB68
4	4	9R8WPMM-1
5	5	By Representatives Stadthagen, Butler, Brown, Lipscomb
6	6	RFD: Urban and Rural Development
7	7	First Read: 04-Feb-25
8	8	PFD: 04-Dec-24
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14	14	6 9R8WPMM-1 07/18/2024 SLU (L)bm 2024-2085
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16	16	PFD: 04-Dec-24
17	17	SYNOPSIS:
18	18	Under existing law that prohibits a foreign
19	19	principal from acquiring certain interests in certain
20	20	agricultural and forest property or other real property
21	21	in the state, the term "foreign principal" is defined
22	22	as a government, government official, political party,
23	23	or member of a political party of certain specified
24	24	countries, or any country or government identified on
25	25	any sanctions list of the U.S. Department of the
26	26	Treasury's Office of Foreign Assets Control.
27	27	This bill would expand the definition of
28	28	"foreign principal" to include an individual or company
29	29	identified on any sanctions list of the United State
30	30	Department of the Treasury's Office of Foreign Assets
31	31	Control.
32	32	This bill would specify that the terms
33	33	"agricultural and forest property" and "real property"
34	34	mean agricultural and forest property and real property
35	35	in the state.
36	36	This bill would expand the existing law that
37	37	prohibits a foreign principal from acquiring certain
38	38	ownership interests in agricultural and forest property
39	39	and real property to also prohibit a foreign principal
40	40	from acquiring a leasehold interest in any of these
41	41	properties in the state.
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71	71	properties in the state.
72	72	A BILL
73	73	TO BE ENTITLED
74	74	AN ACT
75	75	Relating to real property; to amend Section 35-1-1.1,
76	76	Code of Alabama 1975, to prohibit certain individuals,
77	77	companies, countries, governments, or related entities from
78	78	acquiring certain interests in real property in the state.
79	79	BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:
80	80	Section 1. Section 35-1-1.1, Code of Alabama 1975, is
81	81	amended to read as follows:
82	82	"§35-1-1.1
83	83	(a) This section shall be known and may be cited as the
84	84	Alabama Property Protection Act.
85	85	(b) For purposes of this section, the following words
86	86	have the following meanings:
87	87	(1) AGRICULTURAL AND FOREST PROPERTY. All real property
88	88	in the state used for raising, harvesting, and selling crops
89	89	or for the feeding, breeding, management, raising, sale of, or
90	90	the production of livestock, or for the growing and sale of
91	91	timber and forest products.
92	92	(2) CRITICAL INFRASTRUCTURE FACILITY. Any of the
93	93	following:
94	94	a. A chemical manufacturing facility.
95	95	b. A refinery.
96	96	c. A plant or facility producing electric energy no
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126	126	c. A plant or facility producing electric energy no
127	127	matter how generated or produced.
128	128	d. A water treatment facility or wastewater treatment
129	129	plant.
130	130	e. A liquid natural gas terminal.
131	131	f. A telecommunications central switching office.
132	132	g. A gas processing plant, including any plant used in
133	133	the processing, treatment, or fractionation of natural gas.
134	134	h. A seaport facility as defined in Section 40-13-1.
135	135	i. Aerospace or spaceport infrastructure.
136	136	j. An airport as defined in Section 23-1-411.
137	137	(3) FOREIGN COUNTRY OF CONCERN. China, Iran, North
138	138	Korea, and Russia. This term shall not include Taiwan.
139	139	(4) FOREIGN PRINCIPAL. Any of the following:
140	140	a. The government or any official of the government of
141	141	a foreign country of concern.
142	142	b. A political party or member of a political party or
143	143	any subdivision of a political party in a foreign country of
144	144	concern.
145	145	c. A country or ,government, individual, or company
146	146	identified on any sanctions list of the United StateStates
147	147	Department of the Treasury's Office of Foreign Assets Control.
148	148	(5) MILITARY INSTALLATION. A base, camp, post, station,
149	149	yard, or center that is under the jurisdiction of the
150	150	Department of Defense or its affiliates, encompassing at least
151	151	10 contiguous acres.
152	152	(6) REAL PROPERTY. Land, buildings, fixtures, and all
153	153	other improvements to land in the state.
154	154	(c) Notwithstanding any other law, no foreign principal
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184	184	(c) Notwithstanding any other law, no foreign principal
185	185	shall acquire title to, or acquire a controlling interest in,
186	186	or a leasehold interest in, any of the following:
187	187	(1) Agricultural and forest property.
188	188	(2) Real property on or within 10 miles of any military
189	189	installation or critical infrastructure facility.
190	190	(d)(1)SubsectionThe prohibition in subsection (c)
191	191	against purchasing or otherwise acquiring title to, or a
192	192	controlling interest in, property as set forth in the
193	193	subsection shall apply only to the purchase of or other
194	194	acquisition of title to real, or controlling interest in, the
195	195	property on or after August 1, 2023. The purchase of or other
196	196	acquisition of title to real property prior to August 1, 2023,
197	197	is governed by the law in effect immediately prior to August
198	198	1, 2023, and that law is continued in effect for that purpose.
199	199	(2) The prohibition in subsection (c) against acquiring
200	200	a leasehold interest in property as set forth in the
201	201	subsection, shall apply to any leasehold interest acquired on
202	202	or after August 1, 2025. The acquisition of a leasehold
203	203	interest in the property prior to August 1, 2025, is governed
204	204	by the law in effect immediately prior to August 1, 2025, and
205	205	that law is continued in effect for that purpose.
206	206	(e) No title insurer, title agent, real estate
207	207	licensee, or other settlement provider as defined by the Real
208	208	Estate Procedures Act, 12 U.S.C. § 2601 et seq., shall be
209	209	liable for any violation of subsection (c).
210	210	Section 2. This act shall become effective on August
211	211	1, 2025.
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