What Is Senate Bill 264 in Florida?
Senate Bill 264, effective July 1, 2023, limits and regulates the sale, purchase, and ownership of certain Florida property by foreign principals, including agricultural land and land near military installations.
Senate Bill 264, signed into law by Florida Governor Ron DeSantis and effective July 1, 2023, is legislation that limits and regulates the sale, purchase, and ownership of certain properties by foreign principals and entities. It impacts agricultural land, properties around military installations and critical infrastructure, and real estate transactions involving the People's Republic of China (PRC).
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