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restrict ownership of real property interests by certain prohibited entities and to provide for enforcement.

This bill prohibits certain foreign entities (as defined in existing South Dakota law) from owning or controlling land or property interests in South Dakota while military installations exist in the state. Entities that already own such property must sell it within two to three years depending on how they acquired it. The bill creates a new enforcement mechanism to prevent foreign entities from directly or indirectly holding stakes in South Dakota real estate through corporate ownership or other indirect means.