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Bill > HB500


KY HB500

KY HB500
AN ACT relating to agricultural land.


summary

Introduced
02/22/2023
In Committee
03/14/2023
Crossed Over
03/09/2023
Passed
Dead
03/30/2023

Introduced Session

2023 Regular Session

Bill Summary

Create a new section of KRS Chapter 247 to prohibit a nonresident alien, foreign business, agent, trustee, or fiduciary associated with the government of any prohibited country as referenced in 22 C.F.R. sec. 126.1 from the purchase, lease, or acquisition of agricultural lands in Kentucky or participation in programs administered by the Department of Agriculture, Agricultural Development Board, and Kentucky Agricultural Finance Corporation.

AI Summary

This bill creates a new section of Kentucky law to prohibit non-resident aliens, foreign businesses, agents, trustees, or fiduciaries associated with the government of any prohibited country from purchasing, leasing, or acquiring any interest in agricultural land located in Kentucky or participating in programs administered by the Department of Agriculture, Agricultural Development Board, and Kentucky Agricultural Finance Corporation. However, the bill provides an exception to allow existing foreign-owned businesses in Kentucky to purchase adjacent agricultural land to expand their operations.

Committee Categories

Agriculture and Natural Resources, Government Affairs

Sponsors (27)

Last Action

returned to Agriculture (S) (on 03/16/2023)

Bill Topics

Agriculture
  • ‐ General Agriculture
  • ‐ Subsidies to Farmers and Ranchers, Agricultural Disaster Insurance

bill text


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