Bill > S1149

This bill amends Idaho property ownership law to restrict foreign governments and state-controlled enterprises from acquiring controlling interests in certain types of Idaho property, specifically agricultural land, forest land, water rights, mining claims, and mineral rights. The bill defines key terms such as "controlling interest" (more than 50% ownership or effective control), "foreign government" (any government outside the U.S.), and "state-controlled enterprise" (a business with significant foreign government ownership). Existing foreign-owned property acquired before the effective date is grandfathered in, and foreign pension funds are exempt from these restrictions. The bill empowers the attorney general to investigate potential violations and petition district courts to appoint a receiver who can sell illegally held property, with proceeds distributed to lienholders and the original property owner. Importantly, the bill ensures that any title transfers resulting from these actions will not invalidate existing mortgages or liens, and no third parties will be held liable for failing to determine the ownership status of property. The law is set to take effect on July 1, 2025, and is being implemented with an emergency clause, indicating its perceived urgent importance to the state's property ownership regulations.

Government Affairs, Justice

State Affairs Committee (S)

https://legislature.idaho.gov/sessioninfo/2025/legislation/S1149/