Illinois Compiled Statutes
Chapter 765 - PROPERTY
765 ILCS 50/ - Agricultural Foreign Investment Disclosure Act.

(765 ILCS 50/1) (from Ch. 5, par. 601)
Sec. 1.

This Act shall be known as the Agricultural Foreign Investment Disclosure Act.

(Source: P.A. 81-187.)
 
(765 ILCS 50/2) (from Ch. 5, par. 602)
Sec. 2.
For purposes of this Act:
(1) the term "agricultural land" means any land located in this State
and used for agricultural, forestry, or timber production purposes, except
agricultural land used primarily to meet pollution control laws or regulations,
as determined by the Director under regulations to be prescribed by the Director;
(2) the term "foreign government" means any government other than the
Federal Government or any government of a State or a political subdivision of a State;
(3) the term "foreign person" means:
(A) any individual:
(i) who is not a citizen or national of the United States;
(ii) who is not a citizen of the Northern Mariana Islands or the Trust
Territory of the Pacific Islands; or
(iii) who is not lawfully admitted to the United States for permanent
residence, or paroled into the United States, under the Immigration and Nationality Act;
(B) any person, other than an individual or a government, which is created
or organized under the laws of a foreign government or which has its principal
place of business located outside of all the States;
(C) any person, other than an individual or a government--
(i) which is created or organized under the laws of any State; and
(ii) in which, as determined by the Director under regulations which the
Director shall prescribe, a significant interest or substantial control
is directly or indirectly held:
(I) by any individual referred to in subparagraph (A);
(II) by any person referred to in subparagraph (B);
(III) by any foreign government; or
(IV) by any combination of such individuals, persons, or governments; and
(D) any foreign government;
(4) the term "person" includes any individual, corporation, company, association,
firm, partnership, society, joint stock company, trust, estate, or any other
legal entity;
(5) the term "Director" means the Director of Agriculture; and
(6) the term "State" means any of the several States, the District of
Columbia, the Commonwealth of Puerto Rico, the Northern Mariana Islands,
Guam, the Virgin Islands, American Samoa, the Trust Territory of the Pacific
Islands, or any other territory or possession of the United States.

(Source: P.A. 81-187.)
 
(765 ILCS 50/3) (from Ch. 5, par. 603)
Sec. 3.
Foreign persons.
(a) Any foreign person who acquires or transfers any interest,
other than a leasehold interest of 10 years or less or a security interest,
in agricultural land in this State shall submit a report to the Director
of Agriculture not later than 90 days after the date of such acquisition
or transfer. Such report shall be submitted in such form and in accordance
with such procedures as the Director may require and shall contain:
(b) Any foreign person who holds any interest, other than a leasehold
interest of 10 years or less or a security interest, in agricultural land
of this State on the day before the effective date of this amendatory
Act of 1985 shall submit
a report to the Director not later than 180 days after such effective date.
Such report shall be submitted in such form and in accordance with such
procedures as the Director may require and shall contain:
(c) Any person who holds or acquires (on or after the effective date of
this amendatory Act of 1985) any interest, other than a leasehold
interest of 10 years or less
or a security interest, in agricultural land at a time when such person
is not a foreign person and who subsequently becomes a foreign person shall
submit a report to the Director not later than 90 days after the date on
which such person becomes a foreign person. Such report shall be submitted
in such form and in accordance with such procedures as the Director may
require and shall contain the information required by subsection (b) of
this Section. This subsection shall not apply with respect to any person
who is required to submit a report with respect to such land under subsection
(b) of this Section.
(d) Any foreign person who holds or acquires (on or after the effective
date of this amendatory Act of 1985) any interest, other than a leasehold
interest of 10 years or less or a security interest, in land at a time when
such land is not agricultural land and such land subsequently becomes
agricultural land shall submit a report to the Director not later
than 90 days after the date on which such land becomes agricultural land.
Such report shall be submitted in such form and in accordance with such
procedures as the Director may require and shall contain the information
required by subsection (b) of this Section. This subsection shall not apply
with respect to any person who is required to submit a report with respect
to such land under subsection (b) of this Section.
(e) With respect to any foreign person, other than an individual or a
government, who is required by subsection (a), (b), (c), or (d) of this
Section to submit a report, the Director may, in addition, require such
foreign person to submit to the Director a report containing:
(f) With respect to any person, other than an individual or a government,
whose legal name is contained in any report submitted under subsection (e)
of this Section, the Director may require such person to submit to the Director
a report containing:
(Source: P.A. 92-16, eff. 6-28-01.)
 
(765 ILCS 50/4) (from Ch. 5, par. 604)
Sec. 4.
(a) If the Director determines that a person:
(1) has knowingly and willfully failed to submit a report in accordance
with the provisions of Section 3; or
(2) has knowingly and willfully submitted a report under Section 3:
(A) which does not contain all the information required to be in such report; or
(B) which contains information that is misleading or false;
such person shall be subject to a civil penalty imposed by the Director.
The amount of any such civil penalty shall be determined in accordance with
the provisions of subsection (b) of this Section. Any such civil penalty
shall be recoverable in a civil action brought by the Attorney General.
(b) The amount of any civil penalty imposed by the Director under subsection
(a) of this Section shall be such amount as the Director determines to be
appropriate to carry out the purposes of this Act, except that such amount
shall not, when added to any federal penalty for violation of the Agricultural
Foreign Investment Disclosure Act of 1978 (P.L. 95-460), exceed 25% of the
fair market value, on the date of the assessment of such penalty, of the
interest in the agricultural land of this State with respect to which such
violation occurred. The Director shall establish a procedure for refunding
any amounts of the civil penalty imposed under this Act which results in
the aggregate penalty imposed by this Act and the Agricultural Foreign Investment
Disclosure Act of 1978 (P.L. 95-460) exceeding 25% of the fair market value
of such land.

(Source: P.A. 81-187.)
 
(765 ILCS 50/5) (from Ch. 5, par. 605)
Sec. 5.

The Director may take such actions as the Director considers
necessary to monitor compliance with the provisions of this Act and to determine
whether the information contained in any report submitted under Section
3 accurately and fully reveals the ownership interest of all foreign persons
in any foreign person who is required to submit a report under such Section.

(Source: P.A. 81-187.)
 
(765 ILCS 50/6) (from Ch. 5, par. 606)
Sec. 6.

A foreign person required to make a report to the Director
by Section 3 of this Act shall be in full compliance with this Act if such
person files with the Director a copy of the report filed with the Secretary
of the United States Department of Agriculture as required by the Agricultural
Foreign Investment Disclosure Act of 1978, as enacted by Public Law 95-460.

(Source: P.A. 81-187.)
 
(765 ILCS 50/7) (from Ch. 5, par. 607)
Sec. 7.

Not later than 90 days after the date of the enactment of this
Act, the Director shall prescribe regulations for purposes of carrying out
the provisions of this Act.

(Source: P.A. 81-187.)
 
(765 ILCS 50/8) (from Ch. 5, par. 608)
Sec. 8.

(a) Except as provided in subsection (b) of this Section,
this Act is effective upon its becoming a law.
(b) Section 3 shall become effective on the date on which regulations
prescribed by the Director under Section 7 become effective.

(Source: P.A. 81-187.)

Structure Illinois Compiled Statutes