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

Defines 'military installation' as any federally or state-owned facility for active duty or reserve forces, and 'prohibited entity' as defined in existing state law.

Requires prohibited entities to divest all real property interests in the state within two years of acquisition (three years if inherited) once a military installation exists in the state.

Grants the Attorney General authority to investigate violations, subpoena financial and ownership documents, and initiate court actions to forfeit or terminate prohibited property interests.

Sets a three-year statute of limitations for the state to bring forfeiture actions after evidence of a violation is referred to the Attorney General.

Establishes a specific order for distributing proceeds from seized property sales: sale costs, investigation/litigation expenses, bona fide lienholders, and finally the previous property owner.

Includes a 'safe harbor' provision stating that non-prohibited entities are not liable for failing to investigate whether a counterparty is a prohibited entity.