§ 781.3 Reporting requirements. ( a ) All reports required to be filed pursuant to this part shall be filed with the FSA County office in the county where the land with respect to which such report must be filed is located or where the FSA County office administering programs carried out on such land is located; Provided, that the FSA office in Washington, DC, may grant permission to foreign persons to file reports directly with its Washington office when complex filings are involved, such as where the land being reported is located in more than one county.
( b ) Any foreign person who held, holds, acquires, or transfers any interest in United States agricultural land is subject to the requirement of filing a report on form FSA-153 by the following dates: ( 1 ) August 1, 1979, if the interest in the agricultural land was held on the day before February 2, 1979, or
( 2 ) Ninety days after the date of acquisition or transfer of the interest in the agricultural land, if the interest was acquired or transferred on or after February 2, 1979.
( c ) Any person who holds or acquires any interest in United States agricultural land at a time when such person is not a foreign person and who subsequently becomes a foreign person must submit, not later than 90 days after the date on which such person becomes a foreign person, a report containing the information required to be submitted under paragraph (e) of this section.
( d ) Any foreign person who holds or acquires any interest in United States land at a time when such land is not agricultural land and such land subsequently becomes agricultural land must submit, not later than 90 days after the date on which such land becomes agricultural, a report containing the information required to be submitted under paragraph (e) of this section.
( e ) Any foreign person required to submit a report under this regulation, except under paragraph (g) of this section, shall file an FSA-153 report containing the following information: ( 1 ) The legal name and the address of such foreign person;
( 2 ) In any case in which such foreign person is an individual, the citizenship of such foreign person;
( 3 ) In any case in which such foreign person is not an individual or a government, the nature and name of the person holding the interest, the country in which such foreign person is created or organized, and the principal place of business of such foreign person;
( 4 ) The type of interest held by a foreign person who acquired or transferred an interest in agricultural land;
( 5 ) The legal description and acreage of such agricultural land;
( 6 ) The purchase price paid for, or any other consideration given for, such interest; the amount of the purchase price or the value of the consideration yet to be given; the current estimated value of the land reported;
( 7 ) In any case in which such foreign person transfers such interest, the legal name and the address of the person to whom such interest is transferred; and ( i ) In any case in which such transferee is an individual, the citizenship of such transferee; and
( ii ) In any case in which such transferee is not an individual, or a government, the nature of the person holding the interest, the country in which such transferee is created or organized, and the principal place of business;
( 8 ) The agricultural purposes for which such foreign person intends, on the date on which such report is submitted, to use such agricultural land;
( 9 ) When applicable, the name, address and relationship of the representative of the foreign person who is completing the FSA-153 form for the foreign person;
( 10 ) How the tract of land was acquired or transferred, the relationship of the foreign person to the previous owner, producer, manager, tenant or sharecropper, and the rental agreement; and
( 11 ) The date the interest in the land was acquired or transferred.
( f ) ( 1 ) Any foreign person, other than an individual or government, required to submit a report under paragraphs (b), (c), and (d) of this section, must submit, in addition to the report required under paragraph (e) of this section, a report containing the following information: ( i ) The legal name and the address of each foreign individual or government holding significant interest or substantial control in such foreign person;
( ii ) In any case in which the holder of such interest is an individual, the citizenship of such holder; and
( iii ) In any case in which the holder of significant interest or substantial control in such foreign person is not an individual or a government, the nature and name of the foreign person holding such interest, the country in which such holder is created or organized, and the principal place of business of such holder.
( 2 ) In addition, any such foreign person required to submit a report under paragraph (f)(1) of this section may also be required, upon request, to submit a report containing: ( i ) The legal name and the address of each individual or government whose legal name and address did not appear on the report required to be submitted under paragraph (f)(1) of this section, if such individual or government holds any interest in such foreign person:
( ii ) In any case in which the holder of such interest is an individual, the citizenship of such holder; and
( iii ) In any case in which the holder of such interest is not an individual or a government, the nature and name of the person holding the interest, the country in which such holder is created or organized, and the principal place of business of such holder.
( g ) Any foreign person, other than an individual or a government, whose legal name is contained on any report submitted in satisfaction of paragraph (f) of this section may also be required, upon request, to: ( 1 ) Submit a report containing: ( i ) The legal name and the address of each foreign individual or government holding significant interest or substantial control in such foreign person;
( ii ) In any case in which the holder of such interest is an individual, the citizenship of such holder; and
( iii ) In any case in which the holder of such interest in such foreign person is not an individual or a government, the nature and name of the foreign person holding such interest, the country in which each holder is created or organized, and the principal place of business of such holder.
( 2 ) Submit a report containing: ( i ) The legal name and address of each individual or government whose legal name and address did not appear on the report required to be submitted under paragraph (g)(1) of this section if such individual or government holds any interest in such foreign person and, except in the case of a request which involves a foreign person, a report was required to be submitted pursuant to paragraph (f)(2) of this section, disclosing information relating to nonforeign interest holders;
( ii ) In any case in which the holder of such interest is an individual, the citizenship of such holder; and
( iii ) In any case in which the holder of such interest is not an individual or government and, except in a situation where the information is requested from a foreign person, a report was required to be submitted pursuant to paragraph (f)(2) of this section disclosing information relating to nonforeign interest holders, the nature and name of the person holding the interest, the country in which such holder is created or organized, and the principal place of business of such holder.
( h ) ( 1 ) Any person which has issued fewer than 100,000 shares of common and preferred stock and instruments convertible into equivalents thereof shall be considered to have satisfactorily determined that it has no obligation to file a report pursuant to § 781.3 if, in addition to information within its knowledge, a quarterly examination of its business records fails to reveal that persons with foreign mailing addresses hold significant interest or substantial control in such person.
( 2 ) Any person which has issued 100,000 or more shares of common and preferred stock and instruments convertible into equivalents thereof shall be considerd to have satisfactorily determined that it has no obligation to file a report pursuant to § 781.3 if, in addition to information within its knowledge, a quarterly examination of its business records fails to reveal that the percentage of shares held in such person both by persons with foreign mailing addresses and investment institutions which manage shares does not equal or exceed significant interest or substantial control in such person.
( 3 ) If the person in paragraph (h)(2) of this section determines that the percentage of shares, which is held in it both by persons with foreign mailing addresses and investment institutions which manage shares, equals or exceeds significant interest or substantial control in such persons, then such person shall be considered to have satisfactorily attempted to determine whether it has an obligation to file a report pursuant to § 781.3 if it sends questionnaires to each such investment institution holding an interest in it inquiring as to whether the persons for which they are investing are foreign persons and the percentage of shares reflected by the affirmative responses from each such investment institution plus the percentage of shares held by persons listed on the business records with foreign mailing addresses does not reveal that foreign persons hold significant interest or substantial control in such person.
( i ) Any foreign person, who submitted a report under paragraph (b), (c), or (d) of this section at a time when such land was agricultural, and such agricultural land later ceases to be agricultural, must submit, not later than 90 days after the date on which such land ceases being agricultural, a revised report from FSA-153 or a written notification of the change of status of the land to the FSA office where the report form was originally filed. The report form and notification must contain the following information: ( 1 ) The legal name and the address of such foreign person;
( 2 ) The legal description, which includes the State and county where the land is located, and the acreage of such land;
( 3 ) The date the land ceases to be agricultural;
( 4 ) The use of the land while agricultural.
( j ) If any foreign person who submitted a report under paragraph (b), (c), or (d) of this section ceases to be a foreign person, such person must submit, not later than 90 days after the date such person ceases being a foreign person, a written notification of the change of status of the person to the FSA office where the report form FSA-153 was originally filed. The notification must contain the following information: ( 1 ) The legal name of such person;
( 2 ) The legal description and acreage of such land;
( 3 ) The date such person ceases to be foreign.
( k ) Any foreign person who submitted a report under paragraph (b), (c), or (d) of this section must submit, not later than 90 days after the change of information contained on the report, a written notification of the change to the FSA office where the report form FSA-153 was originally filed. The following information must be kept current on the report: ( 1 ) The legal address of such foreign person;
( 2 ) The legal name and the address required to be submitted under (f)(1) of this section;
( 3 ) The legal name and the address required to be submitted under (g)(1) of this section.
[49 FR 35074, Sept. 6, 1984, as amended at 51 FR 25993, July 18, 1986]