New Jersey A2906 prohibits foreign governments and persons from owning land near military facilities.
New Jersey A2906 prohibits sanctioned foreign governments and certain foreign persons from acquiring land within 10 miles of military facilities. Exceptions allow existing owners to retain land for up to five years, with a requirement to sell within two years if acquired through legal processes. The bill does not apply to land acquired by devise, descent, or security encumbrance. It also exempts any provisions conflicting with U.S. treaties from applying to treaty countries.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.