| Measure Title: |
RELATING TO REAL PROPERTY.
|
| Report Title: |
AG; Foreign Ownership; Purchase of Real Property; Prohibition; Registration; Forfeiture; Penalties; General Fund Expenditure Ceiling Exceeded; Appropriation ($)
|
| Description: |
Prohibits foreign principals from acquiring real property in the State or any interest in real property in the State, except a de minimus indirect interest. Defines foreign principal. Requires a foreign principal that owns real property that was acquired before this measure's effective date to register the ownership with the Attorney General. Requires a buyer of real property to provide a signed affidavit attesting that the buyer is not a foreign principal. Authorizes the forfeiture of real property or an interest in real property that is owned or acquired unlawfully. Establishes penalties. Declares that the appropriation exceeds the state general fund expenditure ceiling for 2024-2025. Appropriates moneys.
|
| Companion: |
SB2617
|
| Package: |
None
|
| Current Referral: |
WAL, CPC, FIN
|
| Introducer(s): |
GARCIA
|
| Act: |
|
| Sort by Date | | Status Text |
| 1/26/2024 | H | Referred to WAL, CPC, FIN, referral sheet 3 |
| 1/24/2024 | H | Introduced and Pass First Reading. |
| 1/23/2024 | H | Pending introduction. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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HB2542