Terms used in this section and § 13-49-42 mean:

1. (1) "Foreign entity," any organization that is:

   1. (a) Registered outside of the United States or its territories;
   2. (b) More than ten percent owned by a foreign government or foreign person; or
   3. (c) Owned, to any extent, by a foreign government or foreign person from a country listed in subdivision (4);
2. (2) "Foreign government," a government or state-controlled enterprise of a government, other than the United States, its states, its territories, or its federally recognized Indian tribes;
3. (3) "Foreign person," an individual who is not a United States citizen or a resident;

4. (4) "Foreign source," a foreign entity from, foreign government from, or foreign person from:

   1. (a) The People’s Republic of China;
   2. (b) The Republic of Cuba;
   3. (c) The Islamic Republic of Iran;
   4. (d) The Democratic People's Republic of Korea;
   5. (e) The Russian Federation; or
   6. (f) The Bolivarian Republic of Venezuela; and
5. (5) "Funding," any award, capital investment, compensation, contract, donation, endowment, fee, gift, grant, payment in exchange for services, salary, or wage, but does not include a payment for tuition or related fees made to support an individual enrolled as a student at an institution under the control of the Board of Regents.

Source: SL 2026, ch 86 , § 3.