Bill Text: TX HB303 | 2021 | 87th Legislature 1st Special Session | Introduced
Bill Title: Relating to the acquisition and management of real property interests by certain Chinese entities.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-07-29 - Filed [HB303 Detail]
Download: Texas-2021-HB303-Introduced.html
| 87S10021 NC-D | ||
| By: Slaton | H.B. No. 303 | |
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| relating to the acquisition and management of real property | ||
| interests by certain Chinese entities. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 5.005, Property Code, is amended to read | ||
| as follows: | ||
| Sec. 5.005. ALIENS AND CERTAIN CHINESE ENTITIES. (a) | ||
| Except as provided by Subsection (b), an [ |
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| real and personal property rights as a United States citizen. | ||
| (b) Notwithstanding any other law, the Chinese Communist | ||
| Party, the government of the People's Republic of China, an | ||
| individual member of the Chinese Communist Party or the government | ||
| of the People's Republic of China, or a company owned, in full or in | ||
| part, by the Chinese Communist Party or the government of the | ||
| People's Republic of China may not acquire, by purchase, lease, | ||
| donation, or other means, or manage real property interests in this | ||
| state. | ||
| SECTION 2. The change in law made by this Act applies only | ||
| to a contract to acquire or manage a property interest entered into | ||
| or renewed on or after the effective date of this Act or a | ||
| noncontractual transfer of a property interest that occurs on or | ||
| after the effective date of this Act. | ||
| SECTION 3. This Act takes effect on the 91st day after the | ||
| last day of the legislative session. | ||
