1st Sub.
H.B.
114
DISCLOSURE OF DONATIONS TO HIGHER EDUCATION INSTITUTIONS
Senate Floor
Amendments
Amendment 1 March 1, 2010 2:40 PM
Senator John L. Valentine proposes the following amendments:
1. Page 3, Lines 68 through 78 :
68 (1) (a)
{
On
}
Except as provided in Subsection (1)(c), on
or before July 31 of each year, a
higher education institution shall disclose to
69 the board, by filing a disclosure report described in Subsection (2), a gift received by the higher
70 education institution of $50,000 or more from a foreign person, considered alone or in
71 combination with all other gifts from the foreign person, during the period beginning July 1
72 and ending on June 30 immediately preceding the July 31 deadline.
73 (b) A higher education institution may rely on the following address of a foreign person
74 to determine the citizenship or nationality of the foreign person if the citizenship or nationality
75 is unknown:
76 (i) for a foreign person that is an individual, the principal residence; and
77 (ii) for a foreign person that is not an individual, the principal place of business.
(c) The $50,000 amount described in Subsection (1)(a) is increased to $250,000 if the gift,
considered alone or in combination with all other gifts, described in Subsection (1)(a) is from a foreign
person:
(i) with a principal residence or principal place of business located in the United States; and
(ii) with a permanent resident status:
(A) under Section 245 of the Immigration and Nationality Act; and
(B) for 10 years or more.
78 (2) A disclosure report regarding all gifts described in Subsection (1) shall include:
2. Page 4, Lines 102 through 105
House Floor Amendments
2-17-2010 :
102 (5) On or before the November interim meeting of each year, the board shall report to
103 the Education Interim Committee and provide a summary of all gifts
{
and conditional gifts
}
H.
{
as
}
103a described in Subsection (1) .H
104 received by higher education institutions during the prior fiscal year.
105 (6) The board shall make rules for the administration of this section in accordance with
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