Nebraska LB1188 updates the Foreign-owned Real Estate National Security Act and prohibits state and local government ownership of real estate in.
Nebraska LB1188 amends the Foreign-owned Real Estate National Security Act by updating a federal reference and prohibiting the state and any political subdivision from owning real estate in adversary nations. The bill defines terms such as "foreign corporation," "nonresident alien," "person," and "restricted entity." It also exempts certain entities from the act and mandates compliance with the federal Agricultural Foreign Investment Disclosure Act of 1978 for any real estate in Nebraska.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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