On Apr. 2, IDA LEG enacted bill on divestiture of foreign owned land.
IDA LEG enacted bill SB 1149 to revise MD LEG 55-103 regarding the divestiture of property that is owned by a foreign government which is against current law in Idaho.
Document dated Apr. 2, 2025, received from IDA LEG Apr. 8, summarized on Apr. 11.
Bill Provisions
Foreign government or foreign State-controlled enterprise prohibited from owning agricultural land, forest land, water rights, mining claims, mineral rights in Idaho.
Bill creates framework for the divestiture of a foreign government's property ownership
Makes allowance for the attorney general to petition an Idaho court for a receivership allowing the State to seize and sell the foreign governments prohibited property right.
Proceeds of the sale shall be disbursed to lienholders, in order of priority, except for liens that, under the terms of the sale, are to remain on the land, rights, or claims.
Legislative History
On Mar. 3, 2025, bill introduced in Senate; on Mar. 14, 2025, bill passed in Senate.
On Mar. 17, 2025, bill delivered to House; on Mar. 31, 2025, bill passed in House.
On Apr. 2, 2025, bill was signed by the governor and assigned as Law Chapter 270.
Effectiveness
Due to emergency declaration, act will be in full force and effect on/after Jul. 1, 2025.
Regulators
IDA LEG
Entity Types
Corp
Reference
Ch. 270, Bill S1149, 4/2/2025; Citation: MD LEG 55-103;
