,i #aacth ,,congress #b;d ,session ,h4 ,r4 #eajj ,,in ,,the ,,house ,,of ,,representatives ,july #ad1 #bjad ,mr4 ,price of ,north ,carolina 7for himself and ,mr4 ,petri7 introduced the following bill2 which was referred to the ,committee on ,education and the ,workforce ,a ,,bill ,to amend the ,higher ,education ,act of #aife to require institutions of higher education to report revenue generated by each sports team1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,standardization of ,collegiate ,oversight of ,revenues and ,expenditures ,act or ,,score ,act4 #b4 ,reporting by institutions of higher education on athletic revenue and expenses ,section #dhe7;g7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajib7;g77 is amended-- 7#a7 in paragraph 7#a71 by adding at the end the following3 7,k7 ,the amount of revenue generated by each of the following categories1 disaggregated by each sports team1 if applicable3 7i7 ,ticket sales4 7ii7 ,student fees4 7iii7 ,distributions from any other intercollegiate athletic association1 conference1 or tournament4 7iv7 ,appearance guarantees and options4 7v7 ,contributions from alumni and others4 7vi7 ,compensation and benefits provided by third-party support4 7vii7 ,concessions1 programs1 novelties1 and parking4 7viii7 ,broadcast and media rights1 reported separately for television1 radio1 internet1 and print4 7ix7 ,royalties1 advertising1 and sponsorship4 7x7 ,sports camps4 7xi7 ,endowment and investment income1 reported separately for each source of such income4 7xii7 ,direct institutional support4 7xiii7 ,indirect institutional support for facilities1 services1 and administrative support4 7xiv7 ,direct government support1 reported separately by ,state government1 local government1 ,federal ,government4 7,l7 ,the expenses attributable to each of the following categories1 disaggregated by each sports team1 as applicable3 7i7 ,grants-in-aid4 7ii7 ,guarantees and options4 7iii7 ,total salaries and benefits1 and salaries and benefits paid by the institution and by third parties1 respectively1 to head coaches1 to assistant coaches1 and for administrative salaries4 7iv7 ,severance pay4 7v7 ,team travel4 7vi7 ,recruiting4 7vii7 ,equipment1 uniforms1 and supplies4 7viii7 ,fundraising4 7ix7 ,marketing and promotion4 7x7 ,game expenses4 7xi7 ,medical4 7xii7 ,membership dues4 7xiii7 ,sports camps4 7xiv7 ,spirit groups4 7xv7 ,transfers to the institution4 7xvi7 ,debt service payments4 7xvii7 ,athletic facility maintenance and rental4 7xviii7 ,indirect facilities and administrative support4 7xix7 ,education and general expenses of the institution-- 7,i7 including instruction1 research1 public service1 academic support1 student services1 instructional support1 and scholarships and fellowships2 and 7,,ii7 which do not include expenses with respect to auxiliary enterprises1 hospitals1 or independent operations4 2 7#b7 in paragraph 7#e7-- 7,a7 by striking the term and inserting the following3 7,a7 the term 2 7,b7 by striking the period at the end inserting 2 and2 and 7,c7 by adding at the end the following3 7,b7 the terms listed in each of the categories under subparagraphs 7,k7 through 7,l7 of paragraph 7#a7 shall be defined by the ,secretary by regulation1 developed in consultation with the ,secretary of the ,treasury and the task force described in paragraph 7#f77;,a71 and such definitions shall be updated in accordance with paragraph 7#f77;,b74 2 and 7#c7 by adding at the end the following3 7#f7 ,task force2 definition updates 7,a7 ,task force ,the ,secretary shall appoint a task force of nonprofit and higher education accounting experts1 professionals1 and organizations representing each of the following3 7i7 ,institutions of higher education that are members of division ,i of ,national ,collegiate ,athletic ,association4 7ii7 ,institutions of higher education that are members of division ,,ii of ,national ,collegiate ,athletic ,association4 7iii7 ,institutions of higher education that are members of division ,,iii of ,national ,collegiate ,athletic ,association4 7,b7 ,updating definitions ,the ,secretary1 on a biannual basis and in consultation with the task force described in subparagraph 7,a71 shall review each definition under paragraph 7#e77;,b7 and1 if necessary1 update such definition in accordance with generally accepted accounting principles or significant changes in the national system of intercollegiate athletics4 7#g7 ,special rule ,an institution of higher education that submits the information described in subparagraphs 7,k7 through 7,l7 of paragraph 7#a7 to an intercollegiate athletic association for an academic year1 and such information is verified by an independent audit and certified by chancellor of the institution1 may1 in lieu of submitting such information under paragraph 7#a71 request such association to directly submit such information to the ,secretary on behalf of the institution for such academic year4 4 #c4 ,program requirements ,section #dhg7;a7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajid7;a77 is amended by adding at the end the following3 7#cj7 7,a7 ,an institution will not be a member of any intercollegiate athletic association or participate in any national intercollegiate athletics competition organized by any person1 unless such association or person reports1 on an annual basis1 to the ,secretary the following1 disaggregated by sport1 athletic event1 or contract1 as applicable3 7i7 ,total generated revenue and amount of revenue generated by each of the following categories3 7,i7 ,total ticket sales4 7,,ii7 ,distributions from other intercollegiate athletic organization or person4 7,,iii7 ,cash contributions4 7,,iv7 ,dues and other assessments from member institutions of higher education4 7,v7 ,third-party support4 7,,vi7 ,merchandise4 7,,vii7 ,concessions1 programs1 and novelties4 7,,viii7 ,broadcast and media rights1 reported separately for television1 radio1 internet1 and print4 7,,ix7 ,endowment and investment income1 reported separately for each source of such income4 7,x7 ,other corporate sponsorship4 7,,xi7 ,royalties1 advertising1 and sponsorship4 7,,xii7 ,net assets4 7,,xiii7 ,direct government support1 reported separately by ,state government1 local government1 or ,federal ,government4 7,,xiv7 ,any other category determined appropriate by the ,secretary4 7ii7 ,amount of expenses attributable to each of the following categories3 7,i7 ,disbursements to institutions of higher educations1 athletic conferences1 or other persons4 7,,ii7 ,salaries and benefits4 7,,iii7 ,severance pay4 7,,iv7 ,equipment1 uniforms1 and supplies4 7,v7 ,fundraising4 7,,vi7 ,marketing and promotion4 7,,vii7 ,game expenses4 7,,viii7 ,medical4 7,,ix7 ,facility construction4 7,x7 ,facility maintenance and rental4 7,,xi7 ,capital investment4 7,,xii7 ,debt service payments4 7,,xiii7 ,charitable donations4 7,,xiv7 ,any other category determined appropriate by the ,secretary4 7iii7 ,executive compensation schedules4 7,b7 ,the ,secretary shall-- 7i7 define by regulation1 developed in consultation with the ,secretary of the ,treasury and the task force described in section #dhe7;g77#f77;,a71 the terms listed in each of the categories under subparagraphs 7,a72 and 7ii7 on a biannual basis and in consultation with such task force1 review each definition under clause 7i7 and1 if necessary1 update such definition in accordance with generally accepted accounting principles or significant changes in the national system of intercollegiate athletics4 4