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§ 6302. Definitions

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. Education

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 24 P.S. Education
Chapter 39. Higher Education Gift Disclosure Act
24 P.S. § 6302
§ 6302. Definitions
The following words and phrases when used in this act shall have the meanings given to them in this section unless the context clearly indicates otherwise:
“College or university.” Any nonprofit educational institution situated within this Commonwealth empowered to provide a program of education beyond the high school level and which, by virtue of governing law and regulation, is recognized by the State Board of Education as an institution of higher education and which places no restrictions upon the admission of students based upon race, creed or national origin. The term includes all institutions of the State System of Higher Education.
“Department.” The Department of Education of the Commonwealth.
“Foreign government.” Any government other than the United States Government or the government of a state or a political subdivision thereof. The term shall include an agent of such government.
“Foreign legal entity.”
(1) Any legal entity created under the laws of a foreign government.
(2) Any legal entity created under the laws of the United States or of any state or political subdivision thereof if:
(i) fifty percent of the ownership of the stock of, or interest in, such legal entity is directly or indirectly owned legally or beneficially by one or more foreign governments or one or more foreign persons;
(ii) fifty percent of the membership of any such entity is composed of foreign persons or legal entities created under the laws of a foreign government or agents of such legal entities; or
(iii) fifty percent of the assets of such entity are derived from contributions or loans from foreign governments or foreign persons.
“Foreign person.” Any foreign legal entity and any individual who is not a citizen or national of the United States or a trust territory or protectorate thereof. The term shall include an agent of such individual.
“Gift.” Any contract, gift, grant, endowment, award or donation of money or property of any kind, or any combination of these, which in any one fiscal year equals or exceeds $100,000.
“Secretary.” The Secretary of Education of the Commonwealth.

Credits

1985, Dec. 19, P.L. 351, No. 99, § 2, effective in 60 days.
24 P.S. § 6302, PA ST 24 P.S. § 6302
Current through 2022 Regular Session Act 29. Some statute sections may be more current, see credits for details.
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