Relating to prohibiting contracts or other agreements with foreign-owned companies in connection with agricultural land.

SB 1063 prohibits Texas businesses from entering contracts or agreements involving agricultural land with foreign-owned companies or foreign citizens. It specifically bans agreements where a foreign-owned company would gain access or control over agricultural land (defined as up to five noncontiguous acres under tax appraisal) or critical infrastructure like water systems. The bill excludes standard product warranty access and applies regardless of whether the company is publicly traded. The law takes effect September 1, 2025, directly affecting agricultural land transactions and business agreements in Texas.