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.