; definition updates (A) Task force The Secretary shall appoint a task force of nonprofit and higher education accounting experts, professionals, and organizations representing each of the following: (i) Institutions of higher education that are members of division I of the National Collegiate Athletic Association. (ii) Institutions of higher education that are members of division II of the National Collegiate Athletic Association. (iii) Institutions of higher education that are members of division III of the National Collegiate Athletic Association. (B) Updating definitions The Secretary, on a biannual basis and in consultation with the task force described in subparagraph (A), shall review each definition under paragraph (5)(B) and, if necessary, update such definition in accordance with generally accepted accounting principles or significant changes in the national system of intercollegiate athletics. (7) Special rule An institution of higher education that submits the information described in subparagraphs (K) through (L) of paragraph (1) to an intercollegiate athletic association for an academic year, and such information is verified by an independent audit and certified by the chancellor of the institution, may, in lieu of submitting such information under paragraph (1), request such association to directly submit such information to the Secretary on behalf of the institution for such academic year. . 3. Program requirements Section 487(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(a) ) is amended by adding at the end the following: (30) (A) An institution will not be a member of any intercollegiate athletic association or participate in any intercollegiate athletics competition organized by any person, unless such association or person reports, on an annual basis, to the Secretary the following, disaggregated by sport, athletic event, or contract, as applicable: (i) Total generated revenue and amount of revenue generated by each of the following categories: (I) Total ticket sales. (II)