Texas SB103 prohibits certain entities and individuals from China, Iran, North Korea, or Russia from buying real property in Texas.

Texas SB103 amends the Texas Property Code to prohibit specific entities and individuals from purchasing or acquiring real property in Texas. The bill targets governmental entities and companies headquartered in China, Iran, North Korea, or Russia, as well as those under the control of these governments or citizens of these countries. Exceptions are made for U.S. citizens and lawful permanent residents. Additionally, the bill amends the Texas Government Code to prevent governmental entities from entering contracts with these adverse foreign entities or individuals.

Texas SB103 prohibits certain entities and individuals from China, Iran, North Korea, or Russia from buying real property in Texas.

Texas SB103 amends the Texas Property Code to prohibit specific entities and individuals from purchasing or acquiring real property in Texas. The bill targets governmental entities and companies headquartered in China, Iran, North Korea, or Russia, as well as those under the control of these governments or citizens of these countries. Exceptions are made for U.S. citizens and lawful permanent residents. Additionally, the bill amends the Texas Government Code to prevent governmental entities from entering contracts with these adverse foreign entities or individuals.