2024 Session

Budget Amendments - HB30 (Floor Approved)

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Part IV - Reporting Requirements (language only)

Item 4-8.01 #2h

Item 4-8.01 #2h

Reporting Requirements


Page 627, after line 37, insert:

"e) For reporting on fiscal year 2023 and beyond, reporting requirements on intercollegiate athletic revenues and expenses, specifically related to the share of athletic revenues from school funds and student fees, as set out in § 23.1-1309, Code of Virginia, fiscal years 2020, 2021, and 2022 shall be excluded from the calculated five-year rolling average of the change in generated revenue and student fees also outlined in § 23.1-1309, Code of Virginia."


(This amendment restores language contained in previous budgets and inadvertently deleted in the introduced budget.)