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Baccalaureate public institutions of higher education; boards of visitors; intercollegiate athletics programs; athletics revenue and subsidy requirements; report. Amends provisions relating to intercollegiate athletics programs and athletics revenue requirements by expanding the allocations of athletics revenues that may be excluded from the subsidy for the purposes of calculating the subsidy percentage, as defined by applicable law, to include athletics revenues allocated to medical expenses and insurance. The bill also directs the Joint Legislative Audit and Review Commission to (a) study the impact of the provisions of the bill on intercollegiate athletics in the Commonwealth and make recommendations on any further legislative action or policy considerations that should be made based on the impact of the provisions of the bill on intercollegiate athletics in the Commonwealth and (b) submit a report on its findings and recommendations to the Governor and the Chairs of the Senate Committee on Education and Health, the Senate Committee on Finance and Appropriations, the House Committee on Education, and the House Committee on Appropriations by November 15, 2025. The bill has an expiration date of July 1, 2026.
Introduced
Jan 8, 2025
Last Action
Feb 17, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Tabled in Rules (18-Y 0-N)
Placed on Calendar
Referred to Committee on Rules
Read first time
Reading of substitute waived
Read second time
Education and Health Amendment rejected
Finance and Appropriations Substitute agreed to
Engrossed by Senate - committee substitute
Rules suspended
Constitutional reading dispensed (on 3rd reading) (40-Y 0-N)
Passed Senate (40-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (SB1217)
Rules suspended
Constitutional reading dispensed (on 1st reading) (39-Y 0-N 1-A)
Passed by for the day
Committee substitute printed 25106412D-S1
Reported from Finance and Appropriations with substitute (15-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (SB1217)
Reported from Education and Health with amendment and rereferred to Finance and Appropriations (15-Y 0-N)
Prefiled and ordered printed; Offered 01-08-2025 25104678D
Referred to Committee on Education and Health
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Tabled in Rules (18-Y 0-N)
R. Creigh Deeds