(a) An institution of higher education that has been offered or has proposed directly or indirectly a contract with a value equal to or greater than two hundred fifty thousand dollars ($250,000) from or with a foreign adversary after August 5, 2025, shall disclose the proposed contract to the governing board of the institution of higher education before entering into the contract.
(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) (1) Within thirty (30) days of receiving the disclosure of the proposed contract under subsection (a) of this section, the governing board of an institution of higher education shall issue a final decision to the institution of higher education on whether and under what conditions the institution of higher education may enter into the contract.(2) The governing board of the institution of higher education shall reject a contract with a foreign adversary unless there is an overwhelming state or national interest in accepting or entering the contract.
(1) Within thirty (30) days of receiving the disclosure of the proposed contract under subsection (a) of this section, the governing board of an institution of higher education shall issue a final decision to the institution of higher education on whether and under what conditions the institution of higher education may enter into the contract.
(2) The governing board of the institution of higher education shall reject a contract with a foreign adversary unless there is an overwhelming state or national interest in accepting or entering the contract.
(d) (1) The governing board of an institution of higher education shall develop disclosure forms, rules, and procedures for deciding upon whether to allow institutions of higher education to enter into contracts with foreign adversaries.(2) A contract shall only be entered into if the contract addresses an overwhelming state or national interest.
(1) The governing board of an institution of higher education shall develop disclosure forms, rules, and procedures for deciding upon whether to allow institutions of higher education to enter into contracts with foreign adversaries.
(2) A contract shall only be entered into if the contract addresses an overwhelming state or national interest.
(e) An institution of higher education shall maintain a public website disclosing a contract from a foreign adversary described in this section, along with the final decision on whether to allow the relevant institution of higher education to enter into the contract.
(f) For purposes of this section, a contract proposed from 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 approval process described in this section.
(g) An institution of higher education shall maintain a public website to disclose information on contracts from foreign adversaries.
(h) 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 contract agreement.