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ND SB2337
Bill
Status
1/21/2025
Primary Sponsor
Chuck Walen
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AI Summary
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Prohibits county and city commissions from approving development agreements, building plans, or proposals with foreign countries of concern or foreign organizations of concern, with provisions expiring July 31, 2027
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Bars foreign countries of concern and foreign organizations of concern from purchasing real property in North Dakota after July 31, 2025, lowering the ownership threshold triggering restrictions from 50% to 25%
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Requires foreign persons investing in agricultural land to file copies of their federal Agricultural Foreign Investment Disclosure Act reports with the state agriculture commissioner, who must publish annual reports on foreign-owned acreage by county
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Imposes a civil penalty of up to 25% of fair market value for failure to file required agricultural land investment reports, with violations enforced by the attorney general
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Requires violating foreign entities to divest real property within 36 months, with court-ordered divestment and penalties up to $25,000 for non-compliance
Legislative Description
Required filings for foreign persons investing in agricultural lands; to provide for a legislative management report; to provide a penalty; to provide a contingent effective date; and to provide an expiration date.
Last Action
Second reading, failed to pass, yeas 1 nays 44
2/17/2025