Capriglione Bill Makes Colleges Report Foreign Gifts Four Times A Year

The text as introduced · 405 words

89R2619 CXP-D

By: Capriglione
H.B. No. 1450

A BILL TO BE ENTITLED

AN ACT

relating to requiring public institutions of higher education to

report certain information regarding gifts, grants, donations, and

investments received from certain foreign sources.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Subchapter Z, Chapter 51, Education Code, is

amended by adding Section 51.986 to read as follows:

Sec. 51.986. REPORTS ON GIFTS, GRANTS, DONATIONS, AND

INVESTMENTS RECEIVED FROM CERTAIN FOREIGN SOURCES. (a) In this

section:

(1) "Coordinating board" means the Texas Higher

Education Coordinating Board.

(2) "Foreign source" means:

(A) a foreign government or agency of a foreign

government;

(B) a legal entity, including a for-profit or

nonprofit organization, created solely under the laws of a foreign

government or an affiliate or subsidiary acting on behalf of the

legal entity;

(C) an individual who is not a citizen or

national of the United States, including a territory or

protectorate of the United States; or

(D) an agent acting on behalf of an individual or

entity described by Paragraph (A), (B), or (C).

(3) "Institution of higher education" has the meaning

assigned by Section 61.003.

(b) Four times each year on dates designated by the

coordinating board, each institution of higher education shall

prepare and submit to the coordinating board a report detailing

each gift, grant, donation, or investment the institution received

from a foreign source during the most recent calendar quarter.

(c) Unless disclosure of the information is prohibited or

the information is confidential under federal or state law, the

report must include for each gift, grant, donation, or investment:

(1) the amount of money or other thing of value

received;

(2) the date on which the money or other thing of value

was received;

(3) the identity of the foreign source and, if not a

foreign government, the country of citizenship, if known, and the

country of principal residence or domicile of the foreign source;

(4) the purpose for which the money or other thing of

value is being used; and

(5) any conditions established by the foreign source

regarding how the money or other thing of value may be used.

(d) The coordinating board shall make available to the

public on the coordinating board's Internet website each report

made under this section.

(e) The coordinating board may adopt rules as necessary to

implement this section.

SECTION 2. This Act takes effect January 1, 2026.