24 LC 44 2714S The House Committee on Agriculture and Consumer Affairs offers the following substitute to HB 1093: A BILL TO BE ENTITLED AN ACT To amend Chapter 1 of Title 2 of the Official Code of Georgia Annotated, relating to general1 provisions relative to agriculture, so as to prohibit the acquisition of possessory interest in2 certain land by certain foreign persons and entities; to provide for definitions; to provide for3 exceptions; to provide for civil actions; to provide for penalties; to provide for related4 matters; to repeal conflicting laws; and for other purposes.5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:6 SECTION 1.7 Chapter 1 of Title 2 of the Official Code of Georgia Annotated, relating to general provisions8 relative to agriculture, is amended by adding a new Code section to read as follows:9 "2-1-7.10 (a) As used in this Code section, the term:11 (1) 'Agricultural land' means any land capable of use in the production of agricultural12 crops, timber, livestock or livestock products, poultry or poultry products, milk or dairy13 products, or fruit or other horticultural products, but does not include any land zoned by14 a local governmental unit for a use other than and nonconforming with agricultural use.15 (2) 'Nonresident alien' means:16 H. B. 1093 (SUB) - 1 - 24 LC 44 2714S (A) Any natural person described in subsection (a) of Code Section 1-2-11 who is not17 a United States citizen or legal resident, is a subject of a foreign government designated18 as a foreign adversary by the United States Secretary of Commerce, and:19 (i) Has been physically absent from the United States for more than six months out20 of the most recent 12 months preceding the acquisition of a possessory interest21 described in this Code section; or22 (ii) Has been physically absent from Georgia for more than two months out of the23 most recent 12 months preceding the acquisition of a possessory interest described in24 this Code section;25 (B) A corporation, partnership, limited partnership, trustee, or other business entity that26 is:27 (i) Domiciled in a country whose government is designated as a foreign adversary by28 the United States Secretary of Commerce; or29 (ii) Domiciled within the United States, but the ownership of at least 25 percent of30 which is composed of any corporation, partnership, limited partnership, trustee, or31 other business entity that is domiciled in a country whose government is designated32 as a foreign adversary by the United States Secretary of Commerce;33 provided, however, that this subparagraph shall not include a corporation, partnership,34 limited partnership, trustee, or other business entity leasing land from its owner and35 using such land for agricultural research and development or experimental purposes,36 including testing, developing, or producing crop production inputs, including, but not37 limited to, seeds, plants, pesticides, soil amendments, biologicals, and fertilizers, for38 sale or resale to farmers; or39 (C) A foreign government designated as a foreign adversary by the United States40 Secretary of Commerce.41 (3) 'Residential property' means single-family and two-family, three-family, and42 four-family residential real estate.43 H. B. 1093 (SUB) - 2 - 24 LC 44 2714S (b)(1) Except as provided by subsections (c) and (d) of this Code section, no nonresident44 alien shall acquire directly or indirectly any possessory interest in agricultural land or45 land within a ten mile radius of any military base, military installation, or military airport.46 (2) This subsection shall not apply to residential property.47 (c)(1)(A) A nonresident alien may acquire a possessory interest in agricultural land by48 devise or inheritance, as security for indebtedness, in the collection of debts, or by any49 procedure for the enforcement of a lien or claim thereon, whether created by mortgage50 or otherwise.51 (B) Any such possessory interest in agricultural land acquired by a nonresident alien52 in the collection of debts or by any procedure for the enforcement of a lien or claim53 thereon shall be disposed of within two years after acquiring such possessory interest.54 (C) Any such possessory interest in agricultural land acquired by a nonresident alien55 by devise or inheritance shall be disposed of within one year after acquiring such56 possessory interest.57 (2) A nonresident alien with any possessory interest in agricultural land as of58 June 30, 2024, shall dispose of such possessory interest no later than June 30, 2027.59 (d) A nonresident alien that acquires a possessory interest in agricultural land pursuant to60 subsection (c) of this Code section may avoid disposing of such interest if, within the time61 required for disposal, such nonresident alien terminates said nonresident alien status.62 (e) A broker who is engaged by client who is a prospective buyer or seller of a possessory63 interest in agricultural land shall timely disclose to said client the requirements and64 limitations of this Code section. For purposes of this subsection, the terms 'broker,' 'client,'65 and 'timely' shall have the same meanings as provided in Code Section 10-6A-3.66 (f) A nonresident alien that purports to acquire any interest in agricultural land in violation67 of this Code section shall be barred from making any claim against any party for restitution68 of the purchase price paid by such nonresident alien in connection with such interest in69 agricultural land or for any other kind of payment relating to the nonresident alien's loss70 H. B. 1093 (SUB) - 3 - 24 LC 44 2714S or lack of title to such interest in agricultural land. The legal counsel of any county,71 municipality, or consolidated government in which the agricultural land is located, the72 Attorney General, or any person that is not a nonresident alien that was a party to the void73 transaction or is a subsequent holder of such interest may file an action.74 (g) An individual who intentionally violates the provisions of this Code section shall be75 guilty of a felony and shall be punished by a fine of not more than $15,000.00 or76 imprisonment for not less than one year nor more than two years, or both."77 SECTION 2.78 All laws and parts of laws in conflict with this Act are repealed.79 H. B. 1093 (SUB) - 4 -