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6-62-805. Certification by board of trustees.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-62-805. Certification by board of trustees.
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; or
(2) That any athletic deficit will be met by separate institutional board-sanctioned student athletic fees within the limitations established in this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-62-805
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:6-62-805
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: af0e030a53a06880bc1386f0964c10f0df5cc83cff1250c2a001708792060365
Source location: content.xml paragraph 38112
Stored source content
6-62-805. Certification by board of trustees.
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; or
(2) That any athletic deficit will be met by separate institutional board-sanctioned student athletic fees within the limitations established in this subchapter.
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Arkansas Code — all titles (historical 2020) · legal_authorities
6-62-803. Limits on funding.
(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 two percent (2%) of the actual total unrestricted educational and general revenues of the previous fiscal year at institutions of higher education.
(b) The division shall annually adjust the allowable transfer based upon the Consumer Price Index.
(c) This section shall not apply to expenditures related to compliance with § 6-60-111 or increased compliance under 20 U.S.C. § 1092(f).
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-62-803
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 6-62-803. This identifies an authority to review, not proof of applicability.