Bill > SB162

This bill prohibits "foreign principals" from certain "countries of concern" (specifically China, Russia, Iran, Syria, and North Korea) from acquiring ownership, controlling, or occupancy interests in real property located within 10 miles of designated "protected facilities," which include military installations and shipyards in New Hampshire. To ensure compliance, anyone acquiring or leasing such property must file a notarized affidavit with the attorney general's office within one business day, attesting that they are not a foreign principal or their agent and understand the law's prohibitions and penalties. Violations of these restrictions are classified as criminal offenses, with individuals facing a Class A misdemeanor and entities facing a Class B felony, and the state can pursue forfeiture of the illegally acquired real property. Additionally, sellers, lessors, or their agents must provide written notice to buyers or tenants about the affidavit requirement before signing any agreement for property near a protected facility. This act takes effect on January 1, 2026.

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https://gc.nh.gov/bill_Status/billinfo.aspx?id=1054&inflect=2