AN ACT relating to athletics and declaring an emergency.

Create new sections of KRS Chapter 164 to define terms; provide protections for student athletes seeking compensation through name, image, and likeness agreements or seeking an athlete agent; provide similar protections for institutions; establish prohibitions, conditions, and limitations on athletes earning compensation through name, image, and likeness agreements; prohibit name, image, and likeness compensation as an inducement; prohibit institutions, associations, or affiliated organizations from providing compensation for name, image, and likeness of a student athlete and other similar activities; establish a process for institutions to review name, image, and likeness agreements of student athletes; authorize institutions to establish reasonable restrictions on name, image, and likeness activities of student athletes; provide protections for institutions and their employees in actions taken in the course of administering intercollegiate athletics; require institutions to provide financial literacy and life skills education to student athletes; authorize institutions to provide ongoing support to student athletes and information on name, image, and likeness to the general public; establish that name, image, and likeness agreement documents and related information in possession of public postsecondary institutions are protected student records; limit applicability; limit duration of name, image, and likeness and agency contract agreements for minors and student athletes; amend KRS 164.6903 to conform; amend KRS 156.070 to forbid KHSAA member schools from authorizing student athlete use of school logo and similar property in the athlete's name, image, and likeness activities; authorize Kentucky Board of Education to promulgate regulations to enforce rules on name, image, and likeness; authorize agreements made pursuant to Executive Order 2021-418 for one year and nullify the executive order; EMERGENCY.