Disclosure of foreign funding and contracts

As a condition on receipt of Federal financial assistance under any applicable program by a public elementary school or public secondary school, the school shall, not later than 30 days after receiving funds or entering into a contract with a foreign source, 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.