Acting for the Division I Management Council, the Division I Academics/Eligibility/Compliance Cabinet Subcommittee on Legislative Review/Interpretations issued the following interpretation.

Financial Aid/Contemporaneous Penalty for Poor Academic Performance

1. Definition of "Next Available Opportunity" for the Purpose of NCAA Proposal No. 2003-114. An institution subject to the contemporaneous penalty set forth in NCAA Proposal No. 03-114 must impose the penalty in the academic year immediately after the departure of the ineligible student-athlete, unless a prospective student-athlete (that is, high-school, two-year or four-year) who has signed a financial aid agreement before the institution determining that it is subject to the contemporaneous penalty will be impacted. If the penalty cannot be imposed in the academic year immediately after the departure of the ineligible student-athlete, it must be imposed in the following academic year. (References: NCAA Proposal No. 2003-114.)