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AR HB1255
Bill
Status
1/25/2023
Primary Sponsor
Wade Andrews
Click for details
AI Summary
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Amends Arkansas Code § 18-11-101(a) to add an exception prohibiting certain aliens from purchasing or acquiring title to real property in the state
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Prohibits governmental entities of the People's Republic of China, Iran, North Korea, or Russia from purchasing or acquiring real property
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Prohibits companies or entities that are headquartered in, controlled by, or owned by citizens of the People's Republic of China, Iran, North Korea, or Russia from purchasing or acquiring real property
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Prohibits companies or entities owned by or controlled by companies described above from purchasing or acquiring real property
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Prohibits individuals who are citizens of the People's Republic of China, Iran, North Korea, or Russia from purchasing or acquiring real property
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Effective date applies only to purchases or acquisitions of title occurring on or after the act's effective date
Legislative Description
Regarding Real Property; And To Prohibit The Purchase Of Or Acquisition Of Title To Real Property By Certain Aliens Or Foreign Entities.
Last Action
WITHDRAWN BY AUTHOR
1/30/2023