International Paralympic Committee year. The London 2012 Paralympics and other sport events related to the Paralympic Movement can be watched on the Internet TV channel for Paralympic Sports created by the IPC. In June 2001, the International Olympic Committee (IOC) and the International Paralympic Committee (IPC) signed an agreement that would ensure that the staging of the Paralympic Games is automatically included in the bid for the Olympic Games. The agreement came into effect at the 2008 Paralympic Summer Games in Beijing, and the 2010 Paralympic Winter Games in Vancouver. However, the Salt Lake 2002 Organizing Committee (SLOC), chose to follow the practice
London Organising Committee of the Olympic and Paralympic Games not responsible for building permanent venues, reported spent £2.38 billion since winning the bid in 2005 and generated £2.41 billion. On 30 May 2013 it handed back to the government, Britain's Olympic committee and other beneficiaries a surplus of £30 million from the 2012 Games. The British Olympic Association received £5.3 million, the British Paralympic Association £2.6 million, and £20 million was returned to the Department for Culture, Media and Sport. On 6 July 2005 the International Olympic Committee (IOC) chose London as the host city for the 2012 Olympic Games. After the success of the London bid, LOCOG was