Bill > SB349

This bill requires higher education institutions in Oklahoma to report any funding received from foreign sources that exceeds $50,000, providing detailed quarterly reports to the Governor and legislative committee chairs. The bill defines key terms such as "covered institutions" (which includes state and private accredited colleges), "foreign sources" (including foreign governments, non-U.S. individuals, and foreign legal entities), and "reportable funding" (contracts, gifts, grants, and other monetary exchanges). Each covered institution must submit a report on the first day of each calendar quarter detailing the amount, type, purpose, and source of foreign funding, including copies of any associated agreements. These reports must be made publicly available on the institution's website and are subject to open records laws. Institutions that willfully fail to report funding can be fined up to $10,000 per incident, with the fine and unreported funds deposited in the General Revenue Fund. The Attorney General is authorized to investigate noncompliance. The bill includes an exception for individual foreign students paying tuition and allows the Oklahoma State Regents for Higher Education to develop implementation rules. The act will become effective on July 1, 2025, with an emergency clause indicating immediate necessity for public safety.

Education

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb349&Session=2600