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2015 SESSION

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HB 1897 Intercollegiate athletics programs; format for each institution to report revenues and expenses.

Introduced by: M. Kirkland Cox | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Intercollegiate athletics programs. Prohibits the sum of school funds and student fees used to support intercollegiate athletics programs from exceeding a certain percentage of athletics revenues, as those terms are defined in the bill, at each four-year public institution of higher education in the Commonwealth. The bill requires any school that violates this prohibition to submit to the General Assembly a five-year plan for coming into compliance. The bill requires the Auditor of Public Accounts to monitor plan progress and provides that negative audits will trigger a reduction or elimination of existing operational authority. The bill also (i) requires the board of visitors of any four-year public institution of higher education that seeks to add a major intercollegiate athletics program or change the division level of any of its existing intercollegiate athletics programs to first submit to the Intercollegiate Athletics Review Commission established in the bill a plan and recommendations for financing the addition or change and (ii) prohibits any such addition or change from being implemented without the approval of the General Assembly expressed in the general appropriation act. The bill has a delayed effective date of July 1, 2016.


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