The bill amends section 468.404 of the Florida Statutes to establish specific fees for agents representing student athletes. It introduces a new subsection (2) that mandates agents to pay an initial application fee not to exceed $2,500 to the Department of Business and Professional Regulation. Additionally, these agents are required to pay an annual renewal fee, also capped at $2,500. The existing subsections (2), (3), and (4) are redesignated as (3), (4), and (5), respectively, and the language in subsection (1) is modified to clarify the fee structure.

Furthermore, the bill specifies that the department will set biennial fees for initial licensing, renewal, and reinstatement, which cannot exceed $400, and allows for a delinquency fee of up to $50. The language changes include replacing "shall" with "may" and "must" in certain contexts to provide more flexibility in fee establishment. The act is contingent upon the passage of SB 1584 or similar legislation, taking effect simultaneously if adopted within the same legislative session or an extension thereof.