Last Action | 03/13/25: passed over and retained in the Orders of the Day |
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Title | AN ACT relating to the acquisition of agricultural land. |
Bill Documents |
Current
Introduced |
Bill Request Number | 370 |
Sponsors | S. Sharp, E. Callaway, S. Doan, P. Flannery, D. Hale, J. Hodgson, K. King, T. Roberts, W. Thomas, W. Williams |
Summary of Original Version | Create a new section of KRS Chapter 247 to define terms; prohibit a nonresident alien, foreign business, foreign agent, trustee, or fiduciary associated with the government of any proscribed country referenced in 22 C.F.R. sec. 126.1 from the purchase, lease, or acquisition of agricultural land in Kentucky or participation in programs administered by the Department of Agriculture, Agricultural Development Board, and Kentucky Agricultural Finance Corporation; allow a nonresident alien, foreign business, foreign agent, trustee, or fiduciary to own, purchase, hold, or develop agricultural land for nonagricultural use provided that the development is completed within five years of acquiring the land; require that a copy of the report required under the provisions of the Agricultural Foreign Investment Disclosure Act be filed with the Department of Agriculture; require the Department of Agriculture to report evidence of noncompliance to the Office of the Attorney General; require the Office of the Attorney General to investigate the evidence; allow the Office of the Attorney General to enforce provisions; require that agricultural land found in violation be escheated to the state and be subject to judicial foreclosure; set requirements for disbursement of proceeds of the sale. |
Index Headings of Original Version |
Escheats - Agricultural land, foreign ownership, prohibited countries, judicial foreclosure International Trade and Relations - Agricultural land, acquisition, prohibited foreign countries Land Use - Agricultural land, development, nonagricultural use Property - Agricultural land, acquisition, prohibited foreign countries Real Estate - Agricultural land, acquisition, prohibited foreign countries State Agencies - Department of Agriculture, Office of the Attorney General, agricultural land, foreign ownership Homeland Security - Agricultural land, acquisition, prohibited foreign countries Agriculture - Agricultural land, development, nonagricultural use Agriculture - Department of Agriculture, foreign ownership, agricultural land, compliance Agriculture - Research on agricultural land, prohibited countries, exemption Attorney General - Agricultural land, foreign ownership, compliance, enforcement |
Jump to Proposed Amendments |
Senate Committee Substitute 1 Senate Floor Amendment 1 Senate Floor Amendment 2 Senate Floor Amendment 3 |
Votes | Vote History |
02/05/25 |
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02/07/25 |
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02/26/25 |
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02/27/25 |
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02/28/25 |
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03/04/25 |
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03/06/25 |
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03/11/25 |
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03/12/25 |
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03/13/25 |
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Amendment | Senate Committee Substitute 1 |
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Summary | Retain original provisions; allow any entity that has a national security agreement with the Committee on Foreign Investment in the United States to purchase, lease or acquire up to 350 acres for agricultural research or experimental purposes. |
Index Headings |
Property - Agricultural land, acquisition, prohibited foreign countries Real Estate - Agricultural land, acquisition, prohibited foreign countries State Agencies - Department of Agriculture, Office of the Attorney General, agricultural land, foreign ownership Homeland Security - Agricultural land, acquisition, prohibited foreign countries Agriculture - Agricultural land, development, nonagricultural use Agriculture - Department of Agriculture, foreign ownership, agricultural land, compliance Agriculture - Research on agricultural land, prohibited countries, exemption Attorney General - Agricultural land, foreign ownership, compliance, enforcement |
Amendment | Senate Floor Amendment 1 |
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Sponsor | J. Howell |
Summary | Retain original provisions; require that the Office of the Attorney General be reimbursed for judicial foreclosure filing fees prior to the disbursement of the agricultural land sale proceeds. |
Index Headings |
Real Estate - Agricultural land, acquisition, prohibited foreign countries State Agencies - Office of the Attorney General, agricultural land, foreign ownership Homeland Security - Agricultural land, acquisition, prohibited foreign countries Agriculture - Agricultural land, development, nonagricultural use Agriculture - Research on agricultural land, prohibited countries, exemption Attorney General - Agricultural land, foreign ownership, compliance, enforcement |
Amendment | Senate Floor Amendment 2 |
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Sponsor | J. Howell |
Summary | Retain original provisions; allow an existing foreign-owned business to purchase adjacent agricultural land to expand the operations of the business. |
Index Headings |
Land Use - Agricultural land, foreign ownership, development, nonagricultural use Property - Agricultural land, acquisition, prohibited foreign countries Real Estate - Agricultural land, acquisition, prohibited foreign countries State Agencies - Department of Agriculture, Office of Attorney General, agricultural land, foreign ownership Homeland Security - Agricultural land, acquisition, prohibited foreign countries Agriculture - Agricultural land, foreign ownership, development, nonagricultural use Agriculture - Department of Agriculture, foreign ownership, agricultural land, compliance Agriculture - Research on agricultural land, prohibited countries, exemption Attorney General - Agricultural land, foreign ownership, compliance, enforcement Escheats - Agricultural land, foreign ownership, prohibited countries, judicial foreclosure International Trade and Relations - Agricultural land, acquisition, prohibited foreign countries |
Amendment | Senate Floor Amendment 3 |
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Sponsor | J. Howell |
Summary | Retain original provisions; allow an existing foreign-owned business to purchase adjacent agricultural land to expand the operations of the business; allow the Office of the Attorney General to recover reasonable costs of litigation. |
Index Headings |
Escheats - Agricultural land, foreign ownership, prohibited countries, judicial foreclosure International Trade and Relations - Agricultural land, acquisition, prohibited foreign countries Land Use - Agricultural land, foreign ownership, development, nonagricultural use Property - Agricultural land, acquisition, prohibited foreign countries Real Estate - Agricultural land, acquisition, prohibited foreign countries State Agencies - Department of Agriculture, Office of Attorney General, agricultural land, foreign ownership Homeland Security - Agricultural land, acquisition, prohibited foreign countries Agriculture - Agricultural land, foreign ownership, development, nonagricultural use Agriculture - Department of Agriculture, foreign ownership, agricultural land, compliance Agriculture - Research on agricultural land, prohibited countries, exemption Attorney General - Agricultural land, foreign ownership, compliance, enforcement |
Last updated: 3/13/2025 11:37 PM (EDT)