Disclosure of foreign funding and contracts

(a)

In general

As a condition on receipt of Federal financial assistance under any applicable program by a public elementary school or a public secondary school, the school, not later than 30 days after receiving funds in excess of $10,000 in the aggregate from a foreign source, or entering into one or more contracts with an aggregate value in excess of $10,000 with a foreign source, shall submit to the Secretary of Education a written disclosure that identifies—(1)the name and country of origin of the foreign source;(2)in a case in which a school receives funds from a foreign source—(A)the amount of funds received from that source; and(B)any terms or conditions applicable to the receipt of such funds; and(3)in a case in which a school enters into a contract with a foreign source, the terms and conditions of such contract.(b)

Definitions

In this section:(1)The term applicable program has the meaning given that term in section 400 of the General Education Provisions Act (20 U.S.C. 1221).(2)The terms elementary school and secondary school have the meanings given those terms in section 8101 of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 7801).(3)The term Federal financial assistance has the meaning given that term in section 7501(a)(5) of title 31, United States Code.(4)The term foreign source has the meaning given that term in section 117(h) of the Higher Education Act of 1965 (20 U.S.C. 1011f(h)).