Bill > LB378

This bill requires public and private two-year and four-year colleges and universities in Nebraska to report detailed information about funding received from foreign sources to the Attorney General and Legislature. The bill defines key terms such as "contract" (any agreement for property or services), "covered institution" (colleges in Nebraska), and "foreign source" (which includes foreign governments, foreign legal entities, non-U.S. individuals, and their agents). "Reportable funding" is defined as any monetary exchange exceeding $50 in value, including gifts, grants, endowments, investments, and compensation. Institutions must submit quarterly reports detailing the amount of funding, its purpose, description of the foreign source, and copies of associated agreements. The reports will be posted publicly on the Attorney General's website. Colleges that fail to comply may face civil penalties of up to $10,000 per violation and potential forfeiture of unreported funds. The only exception to reporting is payments made by foreign individuals for personal tuition or related fees. The bill aims to increase transparency about foreign funding in higher education institutions.

Education

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59504