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AR HB1680
Bill
Status
4/17/2025
Primary Sponsor
Deann Vaught
Click for details
AI Summary
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Prohibits foreign-party-controlled businesses (entities with 50%+ ownership by prohibited foreign parties) from acquiring or leasing any interest in public or private land in Arkansas
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Bars prohibited foreign parties from holding any interest in agricultural land within a ten-mile radius of critical infrastructure, including military installations, power generation facilities, utilities, dams, railways, bridges, tunnels, and cybersecurity systems
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Reduces the mandatory divestment period for violations from two years to one year, after which the Attorney General must commence action for judicial foreclosure and forced sale
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Defines "critical infrastructure" as physical or virtual systems that, if destroyed, would have debilitating impact on security, national economic security, or public health and safety
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Establishes felony penalties for prohibited foreign parties or those acting as agents/trustees who own agricultural land in violation, punishable by up to two years imprisonment and/or $15,000 fine
Legislative Description
To Prevent A Foreign-party-controlled Business From Leasing Land; And To Prohibit A Prohibited Foreign Party From Holding An Interest In Real Property Or Agricultural Land In Certain Circumstances.
Last Action
Notification that HB1680 is now Act 811
4/17/2025