Relating to: limitations on ownership of real property in this state by foreign persons. (FE)

AB 218 limits foreign ownership of agricultural land in the state to 50 acres (down from 640 acres), affecting foreign corporations, LLCs, partnerships, and trusts with over 25% foreign ownership. It also prohibits foreign entities from owning real property within 10 miles of military installations, with limited exceptions for inheritances, treaty rights, or debt collection. The bill requires entities exceeding these limits to divest or forfeit land within 3 years, and mandates reporting for exceptions. These changes apply to land acquired after the bill’s effective date, not retroactively.