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Ark. Code Ann. § 6-62-802

Definitions

Acts 1991, No. 366, § 2; 1997, No. 954, § 1; 2005, No. 2288, § 1.

As used in this subchapter:

(1) “Athletic deficit” means the amount of athletic expenditures offset by the amount of athletic revenues, including: Athletic-generated income;

(2) Profits from other auxiliary enterprises;

(3) The federally funded portion of college work-study students in the intercollegiate athletic program;

(4) Transfers from funds other than the unrestricted educational and general fund; and

(5) The allowable unrestricted educational and general transfer for four-year institutions, for two-year branches of four-year institutions, and for other two-year institutions of higher education;

(6) “Athletic expenditures” means: All direct and indirect expenses, prorated if necessary, including salaries;

(7) All fringe benefits such as medical and dental insurance, workers' compensation, pension plans, tuition waivers, and any other cost associated with recruitment and retention of staff;

(8) Travel;

(9) Equipment;

(10) Scholarships;

(11) Meals;

(12) Housing and dormitory supplies;

(13) Supplies;

(14) Property and medical insurance;

(15) Medical expenses;

(16) Utilities; and

(17) Maintenance of facilities related to all intercollegiate teams and spirit groups, excluding bands; and

(18) “Athletic program” means intercollegiate athletics.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.