HB 835 2023 CODING: Words stricken are deletions; words underlined are additions. hb0835-00 Page 1 of 3 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S A bill to be entitled 1 An act relating to the purchase or acquisition of real 2 property and strategic assets by the People's Republic 3 of China; creating s. 692.203, F.S.; providing 4 definitions; prohibiting the People's Republic of 5 China from purchasing or acquiring real property and 6 strategic assets in this state; providing a directive 7 to the Division of Law Revision to create part III of 8 ch. 692, F.S., entitled "Conveyances to Forei gn 9 Entities"; providing an effective date. 10 11 Be It Enacted by the Legislature of the State of Florida: 12 13 Section 1. Section 692.203, Florida Statutes, is created 14 to read: 15 692.203 Purchase or acquisition of real property and 16 strategic assets by the People's Republic of China prohibited. - 17 (1) As used in this section, the term: 18 (a) "Chinese Communist Party" means all agencies, 19 institutions, and instrumentalities of the Chinese Communist 20 Party. 21 (b) "Company or development" means a sole proprietors hip, 22 organization, association, corporation, partnership, trust, 23 venture, group, subgroup, or any other entity or organization, 24 its subsidiary or affiliate that exists for profit making 25 HB 835 2023 CODING: Words stricken are deletions; words underlined are additions. hb0835-00 Page 2 of 3 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S purposes or to otherwise secure economic advantage. 26 (c) "Military base" means any base, camp, post, facility, 27 station, yard, range, or other activity under the jurisdiction 28 of the United States Secretary of Defense, the secretary of a 29 military department, or the Governor or Adjutant General of 30 Florida. 31 (d) "People's Republic of China" includes all agencies, 32 institutions, instrumentalities, and political subdivisions of 33 the People's Republic of China. 34 (e) "Real property" means land and any buildings, 35 fixtures, and other improvements to such land. 36 (f) "Strategic assets" means water treatment facilities, 37 power plants, emergency operation centers, telecommunication 38 towers and facilities, law enforcement facilities, and other 39 structures used for similar purposes or deemed strategic by the 40 state. 41 (2) Notwithstanding any ot her law, beginning July 1, 2023, 42 any company or development owned or controlled by a company that 43 is owned, in whole or in part, by, or is a subsidiary of, a 44 company that is owned by the People's Republic of China or the 45 Chinese Communist Party or whose pr incipal place of business is 46 located within the People's Republic of China, or any 47 intermediary acting on behalf of such company or development, 48 may not: 49 (a) Purchase or acquire any real property or strategic 50 HB 835 2023 CODING: Words stricken are deletions; words underlined are additions. hb0835-00 Page 3 of 3 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S assets located within 50 miles of a military base in this state; 51 or 52 (b) Purchase or acquire any real property or strategic 53 assets located within 50 miles of strategic assets in this 54 state; or 55 (c) Purchase more than 50 acres of agricultural land 56 within the state, including any contiguous agricultu ral land 57 that equals more than 50 acres in total. 58 Section 2. The Division of Law Revision is directed to 59 create part III of chapter 692, Florida Statutes, consisting of 60 s. 692.203, Florida Statutes, to be entitled "Conveyances to 61 Foreign Entities." 62 Section 3. This act shall take effect July 1, 2023. 63