Senate Amendment 9
S 576 - Session 125 (2023-2024)
Alien Ownership of Real Property

Senator Reichenbach proposes the following amendment (SJ-576.PB0051S):

Amend the bill, as and if amended, SECTION 1, by striking Section 27-13-30(C) and inserting:

(C) A citizen of a foreign adversary or a corporation controlled by a foreign adversary may not acquire any interest in real property within the limits of this State. The provisions of this subsection do not apply to businesses and industries operating within the limits of the State on December 31, 2022, if the land or real property is acquired for expansion purposes and the expansion is approved by the Secretary of Commerce and the Governor. The provisions of this subsection also do not apply to businesses that on or before the effective date of this subsection have received commitments or proposals from the Department of Commerce related to discretionary state incentives, and such businesses shall be eligible to acquire land or real property to establish operations or later expand in the State with the approval of the Secretary of Commerce and the Governor.