(a) An institution of higher education that has entered directly or indirectly into a contract with a value equal to or greater than two hundred fifty thousand dollars ($250,000) with a foreign adversary after December 31, 2019, shall disclose the contract to the governing board of the institution of higher education within sixty (60) days following August 5, 2025.
(b) Unless otherwise prohibited or deemed confidential under state or federal law, the disclosure required under subsection (a) of this section shall include without limitation:(1) The date of the contract;(2) The amount of the contract;(3) The purpose of the contract;(4) The identification of the person for whom the contract is explicitly intended to benefit;(5) The applicable conditions, requirements, restrictions, or terms made part of the contract;(6) A copy of the contract;(7) The name and country of residence or domicile of the foreign adversary;(8) The name and mailing address of the disclosing entity; and(9) The date of termination of the contract, as applicable.
(1) The date of the contract;
(2) The amount of the contract;
(3) The purpose of the contract;
(4) The identification of the person for whom the contract is explicitly intended to benefit;
(5) The applicable conditions, requirements, restrictions, or terms made part of the contract;
(6) A copy of the contract;
(7) The name and country of residence or domicile of the foreign adversary;
(8) The name and mailing address of the disclosing entity; and
(9) The date of termination of the contract, as applicable.
(c) For purposes of this section, a contract entered into with a foreign adversary through an intermediary or affiliate organization shall be considered an indirect contract with the institution of higher education and is subject to the disclosure process described in this section.
(d) An institution of higher education shall maintain a public website to disclose information on contracts with a foreign adversary.
(e) Upon the 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 contract.