House Urban and Rural Development Hearing
Room 429 at 17:00:00

HB68 expands Alabama's property protections by banning leaseholds for foreign principals and adding sanctions-listed individuals or companies to the foreign-principal definition.
It prohibits foreign principals from acquiring title, a controlling interest, or a leasehold in agricultural and forest property or real property in Alabama, including property within 10 miles of military installations or critical infrastructure facilities. It broadens who is considered a foreign principal to include individuals or companies on U.S. Treasury sanctions lists. It includes phased timing for applying the bans and provides liability protection for certain real estate professionals.
Currently Indefinitely Postponed
Read for the Second Time and placed on the Calendar
Reported Out of Committee House of Origin
Pending House Urban and Rural Development
Read for the first time and referred to the House Committee on Urban and Rural Development
Prefiled
Room 429 at 17:00:00
Source: Alabama Legislature