Bill
Bill > S360
NJ S360
NJ S360Prohibits ownership of certain protected land adjacent to military facilities in State by certain foreign governments and persons.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill prohibits sanctioned foreign governments and certain foreign persons from acquiring, purchasing, or otherwise obtaining a legal, beneficial, or other interest in any protected land in the State on or after the bill's effective date, with limited exceptions, as described below. Under the bill, protected land includes certain parcels of land located within 10 miles of a military facility. The bill permits impacted foreign governments and foreign persons that already own or hold an interest in protected land in the State, on the bill's effective date, to continue to own or hold the interest in such land for a maximum of five years thereafter. Within five years after the bill's effective date, the foreign government or foreign person would be required to sell or otherwise convey the ownership of, or interest in, the protected land to an individual, trust, corporation, partnership, or other business entity. The bill provides the following exceptions to the general prohibition on the continued foreign ownership of protected land: 1) a foreign government or foreign person may acquire protected land, on or after the bill's effective date, through a process of law involving the collection of debt, the execution of a deed in lieu of foreclosure, the forfeiture of a contract for deed, or the imposition of a lien or claim on the land, whether by mortgage or otherwise, but such person or government would then be required to sell or convey the land, within two years after the transfer of title thereto, to an individual, trust, corporation, partnership, or other business entity that is not prohibited from owning protected land; and 2) the provisions of the bill would not be applicable to protected land acquired by devise or descent or pursuant to a bona fide encumbrance established on protected land taken for the purposes of security. Finally, the bill provides that any provision of the bill that is inconsistent with, or in violation of, any treaty between the United States and another country would not apply to any foreign government or foreign person residing in a country that is party to the treaty.
AI Summary
This bill prohibits foreign governments that are subject to U.S. sanctions, and certain foreign individuals or entities (referred to as "foreign persons"), from acquiring or owning land within 10 miles of a military facility in the state, known as "protected land," after the bill becomes law. Foreign governments and foreign persons who already own such land on the effective date have five years to sell it to an eligible buyer, meaning someone who is not a prohibited foreign entity. There are exceptions allowing foreign entities to acquire protected land through processes like debt collection or foreclosure, but they must then sell it within two years to an eligible buyer. The bill also clarifies that it does not apply to land acquired through inheritance or to security interests like mortgages, and any provisions conflicting with U.S. treaties will not apply to entities from treaty partner countries.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/13/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S360 |
| BillText | https://pub.njleg.gov/Bills/2026/S0500/360_I1.HTM |
Loading...