HB2594 - Relating To Real Property.

3 Co-Sponsors

Prohibits certain persons affiliated with the Chinese Communist Party from acquiring real property or any interest in real property in the State, except a de minimus indirect interest. Establishes exceptions. Requires a person affiliated with the Chinese Communist Party who owns real property that was acquired under an exception to register the ownership with the Attorney General. Requires a buyer of real property to provide a signed affidavit attesting that the buyer is not a person affiliated with the Chinese Communist Party. Authorizes the forfeiture of real property or an interest in real property that is owned or acquired unlawfully. Establishes penalties. Declares that the appropriation exceeds the state general fund expenditure ceiling for 2024-2025. Appropriates moneys.