HB1032: Foreign interests.

Legislative Summary

Foreign interests. Prohibits a prohibited person from entering into a contract for the provision of goods or services with the state, a state agency, and a political subdivision. Provides that a local hospital authority or corporation is excluded from a political subdivision for purposes of a prohibition on contracts with certain foreign owned companies and individuals. Requires agents acting on behalf of certain countries of concern to register with the attorney general. Requires schools and school corporations in Indiana to disclose certain foreign gifts and contracts. Requires public and private postsecondary educational institutions in Indiana to disclose certain foreign gifts and contracts. Prohibits certain individuals and business entities from acquiring: (1) an interest in business entities governed under Indiana law; and (2) real property located in Indiana. Provides that a prohibited person shall not act as an instrumentality of a foreign adversary. Repeals existing statutes regarding foreign ownership of real property. Makes conforming changes.