Establishes a fund to support public institutions' athletic programs and recruiting expenses.
The bill establishes the "public institution athletic program fund" to assist public institutions with athletic programs. The Tennessee higher education commission administers the fund, which receives fees from vendors and licensees. The commission awards grants to public institutions based on a formula that considers student enrollment. The grants cover recruiting expenses, excluding payments to athletes. The fund's administrative expenses are capped at 5%. The commission must report annually on the fund's administration.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.