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 and universities to report all foreign funding exceeding $50,000 received from foreign governments, entities, or individuals each quarter. Institutions must detail the funding amount, purpose, foreign source information, and related agreements in a public report posted on their website and submitted to state officials. Failure to report such funding incurs a $10,000 fine per incident, with penalties and unreported funds deposited into the state's general revenue fund. The bill exempts standard student tuition payments but takes effect July 1, 2025.