(a) (1) An institution of higher education that has received directly or indirectly a gift with a value equal to or greater than two hundred fifty thousand dollars ($250,000) from a foreign adversary after December 31, 2019, shall disclose the gift.(2) The disclosure of a gift required under subdivision (a)(1) of this section shall be made to the governing board of the institution of higher education within sixty (60) days of August 5, 2025.
(1) An institution of higher education that has received directly or indirectly a gift with a value equal to or greater than two hundred fifty thousand dollars ($250,000) from a foreign adversary after December 31, 2019, shall disclose the gift.
(2) The disclosure of a gift required under subdivision (a)(1) of this section shall be made to the governing board of the institution of higher education within sixty (60) days of August 5, 2025.
(b) Unless otherwise prohibited or deemed confidential under state or federal law, the disclosure required under subdivision (a)(1) of this section shall include without limitation the:(1) Date of the gift;(2) Amount of the gift;(3) Purpose of the gift;(4) Identification of the person for whom the gift is explicitly intended to benefit;(5) Applicable conditions, requirements, restrictions, or terms made part of the gift;(6) Name and country of residence or domicile of the foreign adversary;(7) Name and mailing address of the disclosing entity; and(8) Date of termination of the gift, as applicable.
(1) Date of the gift;
(2) Amount of the gift;
(3) Purpose of the gift;
(4) Identification of the person for whom the gift is explicitly intended to benefit;
(5) Applicable conditions, requirements, restrictions, or terms made part of the gift;
(6) Name and country of residence or domicile of the foreign adversary;
(7) Name and mailing address of the disclosing entity; and
(8) Date of termination of the gift, as applicable.
(c) An institution of higher education shall maintain a public website to disclose information on past gifts from a foreign adversary.
(d) For purposes of this section, a gift received from a foreign adversary through an intermediary or affiliate organization, if known, is:(1) An indirect gift to the institution of higher education; and(2) Subject to the disclosure process described in this section.
(1) An indirect gift to the institution of higher education; and
(2) Subject to the disclosure process described in this section.
(e) Upon a request of the Governor, the President of the Senate, or the Speaker of the House of Representatives, the governing board of an institution of higher education shall inspect or audit a past gift or gift agreement.