KY HB575 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 20-0)
Status: Engrossed on March 22 2024 - 50% progression
Action: 2024-04-15 - posted for passage for concurrence in Senate Committee Substitute (1)
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on March 22 2024 - 50% progression
Action: 2024-04-15 - posted for passage for concurrence in Senate Committee Substitute (1)
Text: Latest bill text (Engrossed) [PDF]
Summary
Create new sections 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 an existing foreign-owned business to purchase adjacent agricultural land to expand the operations of the business; exempt foreign ownership or leasing of up to 350 acres for research purposes; establish the Kentucky Foreign Investment Review Board to review applications for appeal for those on the prohibited countries list wishing to purchase, lease, or acquire agricultural land, set forth requirements of the board to approve or deny an application for appeal, establish a process for an application for appeal, authorize the board to promulgate administrative regulations; allow an applicant who is denied an appeal to purchase agricultural land to appeal the final decision in Circuit Court; require a county clerk to record an affidavit on any deed that conveys agricultural land and report the affidavit recordings monthly to the Kentucky Foreign Investment Review Board, require the Kentucky Foreign Investment Review Board to report to the Committee on Foreign Investment in the United States each month; set forth requirements to divest land that has been purchased, leased, or denied without approval of the Kentucky Foreign Investment Review Board, and direct the distribution of sale proceeds.
Title
AN ACT relating to the acquisition of agricultural land.
Sponsors
Roll Calls
2024-03-28 - Senate - Senate: Third Reading W/scs1 RSN# 3150 (Y: 38 N: 0 NV: 0 Abs: 0) [PASS]
2024-03-21 - House - House: Third Reading RCS# 314 (Y: 83 N: 14 NV: 0 Abs: 1) [PASS]
2024-03-21 - House - House: Third Reading RCS# 314 (Y: 83 N: 14 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-15 | House | posted for passage for concurrence in Senate Committee Substitute (1) |
| 2024-03-28 | House | to Rules (H) |
| 2024-03-28 | House | received in House |
| 2024-03-28 | Senate | 3rd reading, passed 38-0 with Committee Substitute (1) |
| 2024-03-27 | Senate | posted for passage in the Consent Orders of the Day for Thursday, March 28, 2024 |
| 2024-03-27 | Senate | 2nd reading, to Rules as a consent bill |
| 2024-03-26 | Senate | reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1) |
| 2024-03-25 | Senate | to Agriculture (S) |
| 2024-03-22 | Senate | to Committee on Committees (S) |
| 2024-03-22 | Senate | received in Senate |
| 2024-03-21 | House | 3rd reading, passed 83-14 with Committee Substitute (1) and Floor Amendment (1) |
| 2024-03-14 | House | posted for passage in the Regular Orders of the Day for Friday, March 15, 2024 |
| 2024-03-14 | House | returned to Rules |
| 2024-03-14 | House | taken from Appropriations & Revenue (H) |
| 2024-03-13 | House | floor amendment (1) filed to Committee Substitute |
| 2024-03-05 | House | recommitted to Appropriations & Revenue (H) |
| 2024-03-01 | House | 2nd reading, to Rules |
| 2024-02-29 | House | reported favorably, 1st reading, to Calendar with Committee Substitute (1) |
| 2024-02-27 | House | to State Government (H) |
| 2024-02-15 | House | to Committee on Committees (H) |
| 2024-02-15 | House | introduced in House |
Subjects
Administrative Regulations and Proceedings
Agriculture
Boards and Commissions
County Clerks
Courts, Circuit
Deeds and Conveyances
Economic Development
Escheats
Fiscal Note
Homeland Security
International Trade and Relations
Land Use
Local Mandate
Property
Real Estate
State Agencies
Agriculture
Boards and Commissions
County Clerks
Courts, Circuit
Deeds and Conveyances
Economic Development
Escheats
Fiscal Note
Homeland Security
International Trade and Relations
Land Use
Local Mandate
Property
Real Estate
State Agencies
