106 STAT. 794 PUBLIC LAW 102-325—JULY 23, 1992 V "(1) advise the Secretary with respect to establishment and ••'^: enforcement of the standards of accrediting agencies or associations under subpart 2 of part H; "(2) advise the Secretary with respect to the recognition of 3 a specific accrediting agency or association; (3) advise the Secretary with respect to the preparation and publication of the Hst of nationally recognized accrediting agencies and associations; "(4) develop and recommend to the Secretary stsindards and criteria for specific categories of vocational training institutions and institutions of higher education for which there are no recognized accrediting agencies, associations, or State agencies, in order to establish the eligibility of such institutions on an interim basis for participation in federally funded programs; "(5) advise the Secretary with respect to the eligibility and certification process for institutions of higher education under title IV of this Act, together with recommendations for improve- ^ ments in such process; "(6) advise the Secretary with respect to the functions of the Secretary under subpart 1 of part H, relating to State institutional integrity standards; "(7) advise the Secretary with respect to the relationship between— "(A) accreditation of institutions of higher education and the certification and eligibility of such institutions; and "(B) State licensing responsibilities with respect to such institutions; and "(8) carry out such other advisory functions relating to accreditation and institutional eligibility as the Secretary may prescribe. "(d) MEETING PROCEDURES.— The Committee shall meet not less than twice each year at the call of the Chairperson. The date of, and agenda for, each meeting of the Committee shall be submitted in advance to the Secretary for approval. A representative of the Secretary shall be present at all meetings of the Committee. "(e) REPORT. —The Committee shall, not later than November 30 of each year, make an annual report through the Secretary to the Congress. The annual report shall contain— "(1) a list of the members of the Committee and their addresses; "(2) a list of the functions of the Committee; "(3) a list of dates and places of each meeting during the preceding fiscal year; and "(4) a summary of the activities, findings and recommendations made by the Committee during me preceding fiscal year. "(f) TERMINATION.— Subject to section 448(b) of the General Education Provision Act, the National Advisory Committee on Accreditation and Institutional Eligibility shall continue to exist until September 30, 1998.". SEC. 1204. DISCLOSURE OF FOREIGN GIFTS AND FOREIGN OWNERSHIP. Title XII of the Act (20 U.S.C. 1141 et seq.) is amended by inserting after section 1208 the following section: 20 USC 1145d. «SEC. 1209. DISCLOSURES OF FOREIGN GIFTS. "(a) DISCLOSURE REPORT. — Whenever any institution is owned or controlled by a foreign source or receives a gift from or enters
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