Bill > A2552

Introduced Session

This bill requires public institutions of higher education to disclose all financial donors in each fiscal year. The bill requires a public institution of higher education to publicly disclose the names of all individuals or organizations that made a donation to the institution and any student organization affiliated with the institution of higher education in a manner and form to be determined by the Secretary of Higher Education. The disclosure is not to contain the words "unknown," "not available," or any other synonym as a placeholder for the legal name of an individual or registered name of an organization. The disclosure is to be made on or before July 31 of each year and is to contain the names of all donors for the preceding fiscal year. An institution is required to submit the disclosure to the Office of the Secretary of Higher Education and publish the disclosure in an easily accessible location on the institution's Internet website. The bill provides that a public institution of higher education that does not disclose the names of all individuals and organizations that made a donation is to be subject to fines in amounts to be determined by the secretary, in consultation with the State Treasurer. An institution of higher education that has repeatedly violated the provisions of the bill may be subject to the revocation of the institution's tax exempt status with respect to local property taxes and the Sales and Use Tax Act.

AI Summary

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Rosaura Bagolie (D)*, 

Introduced, Referred to Assembly Higher Education Committee (on 01/13/2026)

Official Document