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A BILL TO BE ENTITLED
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AN ACT
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relating to requiring public institutions of higher education to |
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report certain information regarding gifts, grants, donations, and |
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investments received from certain foreign sources. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter Z, Chapter 51, Education Code, is |
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amended by adding Section 51.986 to read as follows: |
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Sec. 51.986. REPORTS ON GIFTS, GRANTS, DONATIONS, AND |
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INVESTMENTS RECEIVED FROM CERTAIN FOREIGN SOURCES. (a) In this |
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section: |
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(1) "Coordinating board" means the Texas Higher |
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Education Coordinating Board. |
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(2) "Foreign source" means: |
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(A) a foreign government or agency of a foreign |
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government; |
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(B) a legal entity, including a for-profit or |
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nonprofit organization, created solely under the laws of a foreign |
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government or an affiliate or subsidiary acting on behalf of the |
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legal entity; |
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(C) an individual who is not a citizen or |
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national of the United States, including a territory or |
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protectorate of the United States; or |
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(D) an agent acting on behalf of an individual or |
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entity described by Paragraph (A), (B), or (C). |
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(3) "Institution of higher education" has the meaning |
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assigned by Section 61.003. |
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(b) Four times each year on dates designated by the |
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coordinating board, each institution of higher education shall |
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prepare and submit to the coordinating board a report detailing |
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each gift, grant, donation, or investment the institution received |
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from a foreign source during the most recent calendar quarter. |
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(c) Unless disclosure of the information is prohibited or |
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the information is confidential under federal or state law, the |
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report must include for each gift, grant, donation, or investment: |
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(1) the amount of money or other thing of value |
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received; |
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(2) the date on which the money or other thing of value |
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was received; |
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(3) the identity of the foreign source and, if not a |
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foreign government, the country of citizenship, if known, and the |
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country of principal residence or domicile of the foreign source; |
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(4) the purpose for which the money or other thing of |
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value is being used; and |
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(5) any conditions established by the foreign source |
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regarding how the money or other thing of value may be used. |
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(d) The coordinating board shall make available to the |
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public on the coordinating board's Internet website each report |
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made under this section. |
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(e) The coordinating board may adopt rules as necessary to |
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implement this section. |
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SECTION 2. This Act takes effect January 1, 2026. |