§ 6-62-803 - Limits on funding.
6-62-803. Limits on funding.
(a) Beginning in fiscal year 1991-1992, the amount of unrestricted educational and general funds for intercollegiate athletic programs at state-supported institutions of higher education shall be limited to four hundred fifty thousand dollars ($450,000) at four-year institutions and to fifty-one dollars ($51.00) per full-time-equivalent student per year at two-year branches of four-year institutions and at other two-year institutions of higher education.
(b) (1) Beginning in fiscal year 1997-1998, state-supported four-year institutions of higher education may use an additional three hundred thousand dollars ($300,000) per fiscal year of unrestricted educational and general funds to provide gender equity in intercollegiate athletic programs.
(2) Two-year branches of the four-year institutions and other two-year institutions of higher education may use an additional amount of unrestricted educational and general funds for providing gender equity in intercollegiate athletic programs in the amount of thirty-four dollars ($34.00) per full-time-equivalent student per year.
(c) (1) Beginning in fiscal year 2005-2006, the limits on the amount of unrestricted educational and general funds for intercollegiate athletic programs at state-supported institutions of higher education set forth in subsections (a) and (b) of this section shall be adjusted as determined by the Department of Higher Education based on the consumer price index.
(2) (A) For fiscal year 2005-2006, the adjustments shall take into account the inflation increases since the figures set forth in subsections (a) and (b) of this section were established or last adjusted.
(B) In subsequent years, the adjustment shall be for the period from the last adjustment to the beginning of the relevant fiscal year.