PROHIBITED PROP OWNERSHIP
Prohibits foreign‑controlled entities and prohibited foreign parties from acquiring or holding Illinois land, especially agricultural land, with divestiture and enforcement measure
Prohibits foreign‑controlled entities and prohibited foreign parties from acquiring or holding Illinois land, especially agricultural land, with divestiture and enforcement measure
Note: The provided document contains excerpts from multiple bills and jurisdictions. This summary focuses on the provisions that align with the title "Prohibited Property Ownership" — the changes to the Property Owned By Noncitizens Act (Illinois SB 1364) that restrict foreign-controlled acquisitions of land and create enforcement mechanisms.
SB 1364 is designed to prevent certain foreign persons, governments, and entities (“prohibited foreign parties”) and businesses controlled by them from acquiring or holding interests in Illinois land—with special emphasis on agricultural and rural lands. The bill seeks to protect agricultural production, natural resources, and state security by restricting ownership and creating enforcement tools and penalties.
The bill text excerpt is truncated in places and the provided materials include unrelated state bill fragments. This summary is based on the available Illinois-focused provisions titled “Property Owned By Noncitizens Act” as presented. For implementation details, procedural text, and any amendments, review the full enrolled bill and legislative history.
Compiled from official sources — confirm details with the bill’s official record.
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