Alaska SB139 restricts land ownership and leasing by certain foreign nationals and entities near military installations and critical infrastructure.

The bill, Alaska SB139, restricts ownership and leasing of agricultural land by certain foreign nationals and entities. It prohibits citizens of designated adversarial countries and foreign business entities controlled by such citizens from acquiring or leasing agricultural land within 100 miles of a military installation. The bill also mandates reporting and prohibits the transfer of agricultural land by foreign business entities after June 30, 2025. Violations are subject to forfeiture, with proceeds going to lienholders and the state general fund.

Alaska SB139 restricts land ownership and leasing by certain foreign nationals and entities near military installations and critical infrastructure.

The bill, Alaska SB139, restricts ownership and leasing of agricultural land by certain foreign nationals and entities. It prohibits citizens of designated adversarial countries and foreign business entities controlled by such citizens from acquiring or leasing agricultural land within 100 miles of a military installation. The bill also mandates reporting and prohibits the transfer of agricultural land by foreign business entities after June 30, 2025. Violations are subject to forfeiture, with proceeds going to lienholders and the state general fund.