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AZ HB2407
Bill
Status
1/17/2024
Primary Sponsor
John Gillette
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AI Summary
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Prohibits conveyance of land in Arizona to foreign entities, defined as foreign governments, state-controlled enterprises, or their agents, effective immediately upon passage.
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Requires grantors and real estate professionals to submit valid identification of any grantee to the Arizona Department of Real Estate, including photograph, name, address, and for non-natural persons, the grantee's agent information and principal place of business.
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Prohibits sales of state lands to foreign entities beginning on the effective date of the amendment.
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Defines valid identification as documents bearing photograph and address, including Arizona driver licenses, tribal enrollment cards, or U.S. government-issued identification, deemed valid unless expired on its face.
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Excludes the United States government and its states, territories, or possessions from the foreign entity definition.
Legislative Description
Foreign entities; land ownership; prohibition
Prohibition
Last Action
House read second time
1/22/2024