The Arkansas Higher Education Coordinating Board is authorized and directed to limit unrestricted educational and general funds used to support intercollegiate athletic programs and to provide fair and equitable treatment in the amount of state subsidy of athletic program expenditures at state-supported institutions of higher education.
As used in this subchapter: (1) “Athletic deficit” means the amount of athletic expenditures offset by the amount of athletic revenues, including: (A) Athletic-generated income; (B) Profits from other auxiliary enterprises; (C) The federally funded portion of college work-study students in the intercollegiate athletic program; (D) Transfers from funds other than the unrestricted educational and […]
(a) For the certification required under § 6-62-805, the amount allowed to be budgeted of unrestricted educational and general funds for intercollegiate athletic programs at state-supported institutions of higher education shall be limited to an amount established by the Division of Higher Education for the fiscal year 2012-2013 or an amount of not more than […]
(a) Any athletic deficit of an institution shall be funded by a student athletic fee authorized by the board of trustees of each institution. (b) The student athletic fee shall be assessed on the basis of student semester credit hour and shall be clearly defined in all publications and institutional board minutes as being for […]
The board of trustees of each institution shall certify annually by June 15 of each year to the Arkansas Higher Education Coordinating Board: (1) That the intercollegiate athletic program will generate sufficient revenue through athletic-generated revenue, other auxiliary profits, other coordinating board-approved revenue sources, and the allowable state support as set out in § 6-62-803; […]
(a) The Arkansas Higher Education Coordinating Board is authorized to promulgate any rules necessary for the implementation of this subchapter. (b) The provisions of this subchapter shall not be implemented in such a way as to discriminate against women’s athletic programs.
In accordance with the uniform reporting and auditing of intercollegiate athletic expenditures of state-supported institutions of higher education, maintenance of facilities expenditures related to all intercollegiate teams and spirit groups, excluding bands, shall be reported as actual costs of operating such athletic facilities or a proration of actual costs based on athletic usage.
