New York A06154 prohibits certain noncitizens, foreign governments, and foreign entities from acquiring real property zoned for industrial.

New York A06154 amends the real property law to restrict certain noncitizens, foreign governments, and foreign entities from acquiring real property zoned as industrial, light industrial, heavy industrial, residential agricultural, agricultural, or rural agricultural within the state. These restrictions apply to individuals and entities identified by the U.S. Department of State as being from countries of particular concern or members of entities of particular concern. The bill also limits the transfer or disposal of such real property to eligible entities or individuals.

New York A06154 prohibits certain noncitizens, foreign governments, and foreign entities from acquiring real property zoned for industrial.

New York A06154 amends the real property law to restrict certain noncitizens, foreign governments, and foreign entities from acquiring real property zoned as industrial, light industrial, heavy industrial, residential agricultural, agricultural, or rural agricultural within the state. These restrictions apply to individuals and entities identified by the U.S. Department of State as being from countries of particular concern or members of entities of particular concern. The bill also limits the transfer or disposal of such real property to eligible entities or individuals.