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 general fund; and(E) 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;(2) 'Athletic expenditures' means:(A) All direct and indirect expenses, prorated if necessary, including salaries;(B) 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;(C) Travel;(D) Equipment;(E) Scholarships;(F) Meals;(G) Housing and dormitory supplies;(H) Supplies;(I) Property and medical insurance;(J) Medical expenses;(K) Utilities; and(L) Maintenance of facilities related to all intercollegiate teams and spirit groups, excluding bands; and(3) es;(H) Supplies;(I) Property and medical insurance;(J) Medical expenses;(K) Utilities; and(L) Maintenance of facilities related to all intercollegiate teams and spirit groups, excluding bands; and(3) 'Athletic program' means intercollegiate athletics.Acts 1991, No. 366, § 2; 1997, No. 954, § 1; 2005, No. 2288, § 1.
Arkansas Legal Code