by Archana Subramaniam by CNB
Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: SUNDAY, February 14, 1993 TAG: 9302140185 SECTION: SPORTS PAGE: B9 EDITION: METRO SOURCE: DATELINE: LEXINGTON LENGTH: Short
VMI BOARD ADOPTS ATHLETIC FUND PLAN
The VMI Board of Visitors, as expected, adopted a plan for the future funding of the school's intercollegiate athletic program in a meeting Saturday.At its November meeting, the Board of Visitors reaffirmed its support of the school's NCAA Division I status and 13 sports. The board referred the financing of the program to an ad hoc committee chaired by Harry G. Lee of Richmond.
Through a transition payment of $1.18 million by the VMI Development Board and a major athletic endowment campaign during a five-year period, the committee recommended that the program could be maintained financially. - Staff report