AB40-SA52,2,26
710.02
(3) (a) Land in excess of 640 acres, acquired
on or after the effective date
7of this paragraph .... [LRB inserts date], by a person listed under sub. (1) other than
8a person listed under sub. (2) (a), (b)
, or (c) for an activity listed under sub. (2)
(d), 9(e), (f)
, or (g), may not be used directly or indirectly by that person for any activity
10not under sub. (2)
(d), (e), (f)
, or (g). Pending the conversion and development of the
11land for a purpose permitted under sub. (2)
(d), (e), (f)
, or (g), it may be used for
1agriculture or forestry purposes under a lease to a person not subject to sub. (1).
2Products of the land may be sold by the lessee to the owner of the land.
AB40-SA52,2,124
710.02
(3) (b) Land in excess of 640 acres, acquired before the effective date of
5this paragraph .... [LRB inserts date], by a person listed under sub. (1) other than a
6person listed under sub. (2) (a), (b), or (c) for an activity listed under s. 710.02 (2) (d),
72011 stats., or sub. (2) (e), (f), or (g) may not be used directly or indirectly by that
8person for any activity not under s. 710.02 (2) (d), 2011 stats., or sub. (2) (e), (f), or
9(g). Pending the conversion and development of the land for a purpose permitted
10under s. 710.02 (2) (d), 2011 stats., or sub. (2) (e), (f), or (g), it may be used for
11agriculture or forestry purposes under a lease to a person not subject to sub. (1).
12Products of the land may be sold by the lessee to the owner of the land.
AB40-SA52,2,1814
710.02
(4) (a) 2. If the interest in land is acquired, owned
, or held under an
15exception set forth in sub. (2), a statement which sets forth the specific exception and,
16if under
s. 710.02 (2) (d), 2011 stats., or sub. (2)
(d), (e), (f)
, or (g), the timetable and
17plan for conversion and development to a purpose permitted under
s. 710.02 (2) (d),
182011 stats., or sub. (2)
(d), (e), (f)
, or (g).".
AB40-SA52,2,22
20"
(1c) Land ownership by nonresident aliens: mining exception. The treatment
21of section 710.02 (2) (d) of the statutes first applies to land acquired on the effective
22date of this subsection.".