House Bill 2576, the NIL Act, protects rights, responsibilities, authorities, and limitations relating to the name, image, and likeness of an individual who participates as a student-athlete in an institution of higher education. The bill puts guardrails in to protect institutions and students. Student-athletes can be compensated for the use of their name, image, or likeness. The bill does prohibit student-athletes from endorsing certain items.
Following the lead of other states to protect institutions, the bill allows contractional agreements between a nonprofit, which would be established, and students/agents/lawyers.
The bill advances to markup and discussion.
House Bill 2595, the Non-Profit Athletics Act, allows for higher education institutions to enter a contract with a private corporation for operational, economic, fiscal, and educational development activities. The Non-Profit would be controlled by a board with primarily administrative work and assist with students contracting with other businesses for sponsorships.
The Non-Profit will be similarly structured to the research corporations and to the Country Roads Trust. Currently, no appropriation from the state is planned to be used for the Non-Profit. Fees, donations from the foundation, and athletics will cover the cost of the Non-Profit.
The bill advances to markup and discussion.
Following the lead of other states to protect institutions, the bill allows contractional agreements between a nonprofit, which would be established, and students/agents/lawyers.
The bill advances to markup and discussion.
House Bill 2595, the Non-Profit Athletics Act, allows for higher education institutions to enter a contract with a private corporation for operational, economic, fiscal, and educational development activities. The Non-Profit would be controlled by a board with primarily administrative work and assist with students contracting with other businesses for sponsorships.
The Non-Profit will be similarly structured to the research corporations and to the Country Roads Trust. Currently, no appropriation from the state is planned to be used for the Non-Profit. Fees, donations from the foundation, and athletics will cover the cost of the Non-Profit.
The bill advances to markup and discussion.
