Amends existing law to revise provisions regarding property ownership in the State of Idaho.

This bill amends Idaho Code Section § 55-103 by adding a new subsection (4). Currently Idaho Code Section § 55-103 prohibits a foreign government or foreign state-controlled enterprise from owning agricultural land, forestland, waterrights, miningclaims, ormineralrightsintheStateofIdaho. Howeverthecurrentstatutedoes not provide a framework for what happens if a foreign government or foreign state-controlled enterprise does own a prohibited property right. This bill creates a framework for the divestiture of the foreign government's ownership by allowing the Attorney General to petition an Idaho Court for a receivership allowing the State to seize and sell the foreign governments prohibited property right.