Arkansas § 6-62-802 - Definitions.

§ 6-62-802. Definitions.

As used in this subchapter: “Athletic deficit” means the amount of athletic expenditures offset by the amount of athletic revenues, including: Athletic-generated income; Profits from other auxiliary enterprises; The federally funded portion of college work-study students in the intercollegiate athletic program; Transfers from funds other than the unrestricted educational and general fund; and 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; “Athletic expenditures” means: All direct and indirect expenses, prorated if necessary, including salaries; 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; Travel; Equipment; Scholarships; Meals; Housing and dormitory supplies; Supplies; Property and medical insurance; Medical expenses; Utilities; and Maintenance of facilities related to all intercollegiate teams and spirit groups, excluding bands; and “Athletic program” means intercollegiate athletics.