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
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  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 [An] alien has the same
  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.
feedback