New Hampshire colleges would report large foreign funding publicly

Each covered institution would report qualifying foreign funding to the state. Covered institutions are public or private institutions organized under New Hampshire law or with a campus or place of business in the state, offering qualifying education beyond high school: a bachelor’s program, a qualifying program of at least two years, or a more advanced degree. Reportable funding must be worth more than $50,000, or be expected to exceed that amount, over the projected funding relationship. A foreign-source individual’s payments for tuition or related fees supporting an individual student would be exempt from reporting. Reports would be due on the first day of each calendar quarter and cover funding received during the previous quarter. The act would take effect 60 days after passage.

A covered institution that willfully fails to report required foreign funding could face a fine and lose the unreported funds. The penalties apply to a covered institution that willfully fails to report funding required by the bill. The failure must be willful. The Department of Justice would enforce the reporting rule. The act would take effect 60 days after passage.