Sec. 10a-150b. Disclosure required.
Sec. 10a-150b. Disclosure required. Each institution which is a part of the state
system of higher education, as defined in section 10a-1, and each independent college
or university, as defined in section 10a-37, shall disclose to the Commissioner of Higher
Education the amount, terms, restrictions and requirements attached to or made a part
of any gift of a value of one hundred thousand dollars or more, known by such institution
to have been made to such institution by a foreign government, foreign legal entity or
foreign person in any year. If such a government, legal entity or person makes more
than one gift to an institution in any year and the total value of such gifts equals or
exceeds one hundred thousand dollars, the institution shall report all of such gifts.
(P.A. 85-597, S. 2, 6.)