AN ACT relating to postsecondary education.

Summary

The bill creates a registration system for any organization that pays more than $1,000 a year to college athletes or coaches for name, image, likeness or participation. Registered entities must report contracts quarterly and pay an annual fee equal to 10% of the compensation they provide. The collected fees are placed in a restricted account and used by colleges to award scholarships to eligible non‑athlete Kentucky residents.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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