NC H463

Prohibits adversarial foreign governments (as designated by the U.S. Department of Commerce) from purchasing, acquiring, leasing, or holding interests in agricultural land in North Carolina.

Prohibits adversarial foreign governments from acquiring any interest in land situated within a 25-mile radius of specified military installations, including Fort Bragg, Camp Lejeune, Cherry Point, Seymour Johnson Air Force Base, and seven other facilities.

Defines "controlling interest" as ownership of more than 50% of an entity, or 50% or less if an owner directs the entity's business without requiring consent from other parties.

Declares any transfer of land in violation of these prohibitions void and limits civil and criminal liability to only adversarial foreign governments and the State of North Carolina.

Becomes effective January 1, 2024, and applies only to land interests acquired on or after that date.