This document presents the summary report of the Virginia Governor's Commission on Intercollegiate Athletics formed in response to the Knight Commission Report on intercollegiate athletics. The Governor's Commission, divided into three subcommittees, developed and revised draft recommendations, held public hearings to gather responses to the draft recommendations, and ratified a final version. The subcommittee on academics and finance addressed governance, authority, responsibility, accountability, and issues of finance and academics. The subcommittee on gender equity treated access to athletic opportunities, middle and secondary schools, employment opportunities and salary disparities, and assessment and enforcement. The subcommittee on interscholastic athletics addressed academic, recruiting, eligibility issues; organizational, fiscal and ethical issues and miscellaneous other issues. The subcommittees all shared four basic tenets: (1) the student-athlete is a student first; (2) the student's well-being is paramount; (3) all must have equal opportunities for athletic participation regardless of race or gender; and (4) college presidents and school principals have authority over athletics programs. Appendices list responsibilities and reporting requirements, committee structure, commission and subcommittee meetings, and acknowledgements. (JB)