From official state and federal legislative records. Informational only, not legal advice.
With a committee
A small team of lawmakers (a committee) is reading it closely and deciding if it's a good idea.
Next: the committee votes on whether it moves to the full chamber.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Create a new section of KRS 164.6941 to 164.6951 to define terms; require an intercollegiate athletics enterprise that provides a cumulative sum of more than $1,000 to coaches and student-athletes to register with the Council on Postsecondary Education; provide for the terms of the license, require the reporting of contracts and amounts of intercollegiate athletics compensation; set the registration fee at 10% of all compensation provided to student-athletes and coaches during the previous year; deposit fees into restricted scholarships account; create a new section of KRS Chapter 164 to distribute moneys to postsecondary institutions proportionally to the intercollegiate athletics compensation received by the institution's student-athletes and coaches; require postsecondary institutions to establish a scholarship program with funds received, set requirements for scholarship program, EFFECTIVE January 1, 2027.