2014 Special Session I

Budget Amendments - HB5002 (Floor Approved)

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APA Athletics (language only)

Item 2 #1h

Item 2 #1h

Legislative Department
Auditor of Public Accounts

Page 9, after line 6, insert:
"D. On or before October 1, 2014, the Auditor of Public Accounts, in collaboration with the State Council of Higher Education for Virginia, the State Comptroller, the Department of Planning and Budget, and institutions of higher education, shall develop a standardized reporting format for intercollegiate revenues and expenses to include treatment of student fees and classification of specific sports.  Institutions of higher education shall resubmit its fiscal year 2012 report using this new format by December 1, 2014."

(This amendment requires the development of a standardized reporting format for intercollegiate athletics revenues and expenses.)