Page:United States Statutes at Large Volume 100 Part 2.djvu/475

 PUBLIC LAW 99-498—OCT. 17, 1986

100 STAT. 1577

STUDENT REPRESENTATION

"SEC. 1207. The Secretary shall, in appointing individuals to any commission, committee, board, panel, or other body in connection with the administration of this Act, include individuals who are, at the time of appointment, attending an institution of higher education.".

20 USC 1145b.

SEC. 1205. FINANCIAL RESPONSIBILITY OF FOREIGN STUDENTS.

Title XII of the Act is further amended by adding at the end thereof the following new section: "FINANCIAL RESPONSIBILITY OF FOREIGN STUDENTS

"SEC. 1208. Nothing in this Act or any other Federal law shall be construed to prohibit any institution of higher education from requiring a student who is a foreign national (and not admitted to permanent residence in the United States) to guarantee the future payment of tuition and fees to such institution by (1) making advance payment of such tuition and fees, (2) making deposits in an escrow account administered by such institution for such payments, or (3) obtaining a bond or other insurance that such payments will be made.".

20 USC 1145c.

SEC. 1206. DISCLOSURES OF FOREIGN GIFTS.

(a) GENERAL RULE.—Title XII of the Act is further amended by adding at the end thereof the following new section: "DISCLOSURES OF FOREIGN GIFTS

"SEC. 1209. (a) Whenever any institution receives a gift from or enters into a contract with a foreign source, the value of which is $250,000 or more, considered alone or in combination with all other gifts from or contracts with that foreign source within a calendar year, the institution shall file a disclosure report with the Secretary on January 31 or July 31, whichever is sooner. "(b) Each report to the Secretary required by this Act shall contain: "(1) For gifts received from or contracts entered into with a foreign source other than a foreign government, the aggregate dollar amount of such gifts and contracts attributable to a particular country. The country to which a gift is attributable is the country of citizenship, or if unknown, the principal residence for a foreign source who is a natural p|erson, and the country of incorporation, or if unknown, the principal place of i business, for a foreign source which is a legal entity. "(2) For gifts received from or contracts entered into with a t foreign government, the aggregate amount of such gifts and contracts received from each foreign government. "(c) Notwithstanding the provisions of subsection (b), whenever any institution receives a restricted or conditional gift or contract from a foreign source, the institution shall disclose: "(1) For such gifts received from or contracts entered into with a foreign source other than a foreign government, the ' amount, the date, and a description of such conditions or restrictions. The report shall also disclose the country of citizenship, or I if unknown, the principal residence for a foreign source which is a natural person, and the country of incorporation, or if

Contracts. 20 USC 1145d.

Reports.

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