STATE ASSETS – Amends and adds to existing law to revise provisions regarding who may own certain property, to provide for prohibition on lease or purchase of certain land or dwellings, and to provide for prohibition on access to state assets.

H 63 prohibits foreign governments and entities from "foreign adversaries" (including China, Russia, Iran, North Korea, Cuba, and Venezuela under U.S. definitions) from purchasing or holding agricultural land, forest land, water rights, mining claims, or mineral rights in Idaho. It requires existing foreign owners of these assets to register with the state within 60 days and divest within 180 days of the law's effective date. Violations can be reported by whistleblowers, who may receive 30% of proceeds from enforced sales, with courts ordering sales if land is held illegally. The law aims to protect military installations and state assets by restricting foreign ownership of specific land types, excluding pre-existing interests and foreign pension funds.