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| 3 | 3 | | HB 1455 2024 |
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| 7 | 7 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 8 | 8 | | hb1455-00 |
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| 9 | 9 | | Page 1 of 2 |
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| 10 | 10 | | 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 |
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| 14 | 14 | | A bill to be entitled 1 |
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| 15 | 15 | | An act relating to conveyances to foreign entities; 2 |
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| 16 | 16 | | amending s. 692.201, F.S.; revising the definition of 3 |
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| 17 | 17 | | the term "foreign principal"; amending s. 692.203, 4 |
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| 18 | 18 | | F.S.; revising conditions under which a foreign 5 |
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| 19 | 19 | | principal may purchase certain real property in the 6 |
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| 20 | 20 | | state; repealing s. 692.204, F.S., relating to the 7 |
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| 21 | 21 | | prohibition of the purchase or acquisition of real 8 |
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| 22 | 22 | | property by the People's Republic of China; providing 9 |
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| 23 | 23 | | an effective date. 10 |
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| 24 | 24 | | 11 |
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| 25 | 25 | | Be It Enacted by the Legislature of the State of Florida: 12 |
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| 26 | 26 | | 13 |
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| 27 | 27 | | Section 1. Paragraphs (c) and (d) of subsection (4) of 14 |
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| 28 | 28 | | section 692.201, Florida Statutes, is amended to read: 15 |
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| 29 | 29 | | 692.201 Definitions. —As used in this part, the term: 16 |
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| 30 | 30 | | (4) "Foreign principal" means: 17 |
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| 31 | 31 | | (c) A partnership, association, corporation, organization, 18 |
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| 32 | 32 | | or other combination of persons organized under the laws of or 19 |
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| 33 | 33 | | having its principal place of business in a foreign country of 20 |
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| 34 | 34 | | concern, or a subsidiary of such entity; or 21 |
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| 35 | 35 | | (d) Any person who is domiciled in a foreign country of 22 |
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| 36 | 36 | | concern and is not a citizen or lawful permanent resident of the 23 |
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| 37 | 37 | | United States. A person is not considered to be domiciled in a 24 |
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| 38 | 38 | | foreign country of concern if he or she has resided in the 25 |
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| 40 | 40 | | HB 1455 2024 |
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| 44 | 44 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 45 | 45 | | hb1455-00 |
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| 46 | 46 | | Page 2 of 2 |
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| 47 | 47 | | 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 |
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| 51 | 51 | | United States for at least 183 days; or 26 |
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| 52 | 52 | | Section 2. Subsection (4) of section 692.203, Florida 27 |
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| 53 | 53 | | Statutes, is amended to read: 28 |
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| 54 | 54 | | 692.203 Purchase of real property on or around military 29 |
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| 55 | 55 | | installations or critical infrastructure facilities by foreign 30 |
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| 56 | 56 | | principals prohibited.— 31 |
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| 57 | 57 | | (4) Notwithstanding subsection (1), a foreign principal 32 |
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| 58 | 58 | | who is a natural person may purchase one residential real 33 |
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| 59 | 59 | | property that is up to 2 acres in size if all of the following 34 |
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| 60 | 60 | | apply: 35 |
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| 61 | 61 | | (a) The parcel is not on or within 5 miles of any military 36 |
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| 62 | 62 | | installation in this state. 37 |
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| 63 | 63 | | (b) The person has a current verified United States Visa 38 |
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| 64 | 64 | | that is not limited to authorizing tourist -based travel or 39 |
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| 65 | 65 | | official documentation confirming that the person has been 40 |
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| 66 | 66 | | granted asylum in the United States, and such visa or 41 |
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| 67 | 67 | | documentation authorizes the person to be legally present within 42 |
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| 68 | 68 | | this state. 43 |
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| 69 | 69 | | (b)(c) The purchase is in the name of a the person who has 44 |
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| 70 | 70 | | resided in the United States for at least 183 days holds the 45 |
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| 71 | 71 | | visa or official documentation described in paragraph (b). 46 |
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| 72 | 72 | | Section 3. Section 692.204, Florida Statutes, is repealed. 47 |
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| 73 | 73 | | Section 4. This act shall take effect July 1, 2024. 48 |
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