This bill establishes new regulations for institutions of higher education within The Oklahoma State System of Higher Education regarding the acceptance of donations from foreign sources. It defines "foreign source" as any foreign government or its agencies, as well as agents acting on behalf of such entities. The bill prohibits these institutions from accepting any donations, gifts, grants, or devises from foreign sources and empowers the Oklahoma State Regents for Higher Education to create rules for implementing these provisions.

Additionally, the bill amends existing laws concerning donor confidentiality and the acceptance of gifts by state higher educational institutions. It mandates that institutions shall be prohibited from keeping any information about donors confidential, and it updates the language regarding the authorization of these institutions to accept gifts. The bill also includes provisions for penalties for violations, including potential felony charges and removal from office for those found guilty of noncompliance. The act is set to take effect immediately upon passage, with an effective date of July 1, 2026.

Statutes affected:
Introduced: 70-4306