HB 24-1238 Summary

• Requires foreign governments from countries designated as state sponsors of terrorism by the U.S. Secretary of State to register with the Colorado Secretary of State if they own real property in Colorado.

• Registration deadline is March 1, 2025, or within 60 days of acquiring a real property interest in the state, whichever is later.

• Defines "acquiring" to include purchase, gift, transfer, assignment, option, bequest, devise, or any other method of obtaining a property interest.

• References the federal terrorism designation criteria from the John S. McCain National Defense Authorization Act for Fiscal Year 2019, the Arms Export Control Act, and the Foreign Assistance Act of 1961.

• Authorizes the Colorado Secretary of State to promulgate rules for implementing the registration requirement.