OK SB1261

Prohibits all Oklahoma State System of Higher Education institutions from accepting donations, gifts, grants, or devises from foreign sources, defined as foreign governments, their agencies, or agents/subsidiaries acting on behalf of foreign entities

Eliminates donor confidentiality protections for higher education institutions, requiring them to disclose all information pertaining to donors and prospective donors (reversing current law that allows keeping such information confidential)

Exempts donor names from disclosure requirements only when college- or university-related foundations provide financial records to auditors conducting institutional audits

Authorizes the Oklahoma State Regents for Higher Education to promulgate rules implementing the foreign source prohibition

Effective date of July 1, 2026, with emergency clause for immediate effect upon passage and approval