The bill amends and reenacts several sections of Louisiana's Revised Statutes regarding intercollegiate athletes' compensation and rights, specifically focusing on their ability to earn compensation for the use of their name, image, or likeness (NIL). Key provisions include allowing institutions to participate in NIL activities under certain conditions, such as compliance with athletic governing associations' rules. It also introduces the role of marketing representatives to assist athletes in securing compensation and mandates that athletes disclose contracts valued at $600 or more to their institutions. Additionally, the bill emphasizes the importance of financial literacy and life skills training for athletes, reducing the required training hours and providing resources to support their participation in NIL endeavors.

Furthermore, the bill establishes immunity from liability for postsecondary institutions and their employees regarding decisions that may affect an athlete's ability to earn compensation from NIL agreements. This immunity extends to actions related to the athlete's eligibility and the administration of institutional policies. The legislation aims to create a more supportive environment for intercollegiate athletes while ensuring that institutions maintain a clear separation between amateur and professional sports.

Statutes affected:
SB465 Original: 17:3703(A)
SB465 Engrossed: 17:3703(A)
SB465 Reengrossed: 17:3703(A)
SB465 Enrolled: 17:3703(A)
SB465 Act 358: 17:3703(A)