This bill amends section 85-906 of the Revised Statutes Supplement, 2025, to redefine terms related to reportable funding from foreign adversarial sources in the context of postsecondary education. Key definitions are clarified, including "contract," "covered institution," "foreign adversarial source," and "reportable funding." Notably, the bill specifies that reportable funding does not include salary, wages, or compensation. Additionally, it mandates that each covered institution report biannually to the Coordinating Commission for Postsecondary Education, detailing all reportable funding received, unless exempt under federal or state law.

The bill also includes provisions for the information that must be reported, such as the amount and purpose of the funding, as well as details about the foreign adversarial source. However, it exempts payments made by individuals qualifying as foreign adversarial sources for tuition or related fees for students enrolled or planning to attend a covered institution. Finally, the original section 85-906 is repealed, indicating a complete overhaul of the previous legal framework regarding foreign funding in Nebraska's postsecondary institutions.

Statutes affected:
Introduced: 85-906
Final Reading: 85-906