Higher education; requiring certain institutions of higher education to report certain funding from certain foreign sources. Effective date. Emergency.

SB 349 requires Oklahoma public and accredited private colleges to report quarterly any foreign funding exceeding $50,000. This includes grants, contracts, or donations from foreign governments, organizations, or individuals not U.S. citizens. Institutions must detail the funding amount, purpose, source, and related agreements in a public report posted on their website and submitted to state officials. Failure to report such funding can result in a $10,000 fine per incident, with penalties and unreported funds deposited into the state’s General Revenue Fund.